In the screenshot below you'll see that the current slide looks fine in the edit window, but in the preview in the lefthand side, the book cover image is missing. The two similar slides below have the same problem. When we went on air, the image was also missing.

I therefore 'changed' the foreground image to exactly the same image from the Media Browser, and this time it worked. You can see that in the On Air screenshot below. (At this point I hadn't changed the other two slides, so they're still wrong.)

The attached log was saved at the time of the second screenshot.
82252.Proclaim.log
An identical issue occurred earlier in the week in a different presentation (but using the same slide template).