Moving to Hulu like Larry King could give him free rein—but is that too much of a demotion from venerable Tonight?
He just felt that he was reasonably secure against promotion, and that he need not be afraid of "demotion."
Regarding an antithesis to 'promote,' the word universally in use in Cambridge, in Harvard College, is drop. The same word is in use in the leading schools here (Boston). I hope I may be counted every time against such barbarisms as 'demote' and 'retromote.' [Edward Everett Hale, 1892, letter to the publishers of "Funk & Wagnalls' Standard Dictionary"]Related: Demoted; demoting.