George Newman is a daydreamer with a hyperactive imagination, making it difficult for him and his friend Bob to keep a steady job. George's uncle Harvey wins the deed to Channel 62, a Ultra-high frequency television station, in a poker game, and Harvey's wife Esther urges him to put George in charge, hoping it will help turn his life around. George and Bob find the station is nearly bankrupt and struggles for ratings with its lineup of reruns. George introduces himself to RJ Fletcher, the CEO of the primary competitor in the city, VHF station Channel 8. Fletcher suspects George is trying to spy on them, and has his henchmen throw him out. Outside, George runs into Stanley, a janitor just fired by RJ over some misplaced files, and offers him a job at Channel 62.
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