Re: Still smells like bullshit
But, the TV company can cancel Lorraine on no notice - and start a new show called Theresa, say the very moment that a famous Theresa loses her current high-profile job... And there's still a presenter, so they couldn't make Lorraine redundent - they'd have to keep her on as an employee and use her for something else. And this happens in the media, where you have staff people who are moved around from job to job, and contractors brought in for specific shows. Say 15 years ago when Carlton took on Ant and Dec and wrote various shows round them, until they started getting hits.
It's a grey area, because there are arguments either way. But it's not unreasonable having a private company when you've got lots of expenses (like an agent) related to multiple different media jobs - and your job security is entirely related to a show's ratings.