Alan sells Pyramid to a dairy farmer, who fires everybody except Wanda and Victor. Richard and Veronica start their own firm and get rich off a terrible show. Victor decides to retire, and Wanda becomes CEO of Pyramid.

Alan finds out about a new television sitcom called Producer's Cut which parodies the Canadian film and television production industry, and believes it's based on him.

The network decides to cancel Beaver Creek, and the company has to scramble to save its cash cow.

The Pyramid staff begin to realize that Beaver Creek has jumped the shark, and reminisce about how their own lives have done the same.

Richard is tasked with giving the show Dock Cops a face-lift.

Victor is appointed to the Leaf of Fame awards committee.

Victor runs into a number of problems while producing a dating show for Pyramid, including a difficult show runner.

Victor has his eye on a new studio despite structural damage.

The Pyramid staff succumbs to a flu epidemic; the company is nominated for a prestigious Swedish award.

Beaver Creek's new Christmas episode is rescheduled to February, forcing a quick rewrite to make it about Valentines Day.

Richard hires a receptionist's teenage son.

Veronica tries to produce a documentary on women in hockey.

Diane Parkman returns from Los Angeles to work on a new miniseries based on a famous book.

Alan becomes obsessed with starting a new specialty channel. When it turns out to be too expensive, he buys an existing one by assuming its massive debt. The channel has zero viewers, and only shows one movie, over and over again.

Alan attempts to make Ann-Marie MacDonald part of the Pyramid family.

Executive Brian Switzer finds himself in demand after leaving public television.