Michael Richards

Bill Cosby gets skewered on 'Saturday Night Live'

Bill Cosby gets skewered on 'Saturday Night Live'

NBC and Bill Cosby have been joined at the show-business hip for decades.

The network was the home for "I Spy," the lighthearted 1960s spy drama starring Cosby that established the comedian as a major television star. The phenomenal success of "The Cosby Show" two decades later reversed the fortunes of the struggling network while single-handedly reviving the TV sitcom genre.

And until last week, NBC was in development with Cosby on a comedy that would have brought the legendary entertainer back to primetime.

That project was dropped in the wake of the furor revolving around a flurry of accusations by...