According to Reuters (and other sources) the TV ratings for the Academy Awards were down 10% from last year.
What did they expect?
You have an awards ceremony that "honors" movies that a relatively small percentage of the population has seen along with attendees who are pushing one agenda or another.
They seem to be purposely alienating the very people they want to tune in and watch the program. And then they're suprised when the masses don't tune in and watch?