It's an argument that is utterly sound, provided you don't think about it and instead focus on JJ Abrams' lush features.
The syndication success of TNG is untested in a 300+ cable channel enviornment.
Other than The Walking Dead
, I cannot think of a recent example of a TV show that has knocked the socks off the ratings and paid for itself when sci-fi is so expensive to produce relative to inexpensive and highly popular
programming like Dancing with the Stars.
[And BTW, ironically AMC is still cutting the budget for The Walking Dead
despite its huge success - go figure]