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I also think, in general, this type of show doesn't appeal to younger viewers as much as in the past. I'm not sure all the Enka acts are really relevant to a younger generation, and even some of the bigger names on the show might be considered "legacy" acts by the general youth (even if they are still actively making music).
I'm not sure there's a lot of appetite for an all Japanese music cast anymore. If you look back to the early 2000's, almost all of the big music/variety shows have ended, leaving us with only a handful left. Even things like A+Nation have significantly decreased in length and impact.
I also think that very few young people are probably at home watching TV on NYE.
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