With respect to the future of the tv business... while I think your thoughts about local news and affiliates are completely valid, I'd point out that nowhere in my article or the NY Times piece does it discuss the business of local tv. This is where the medium is in transition- no longer can the whole industry be painted with one broad brush.
The economics of network tv are very different than local tv, and getting further and further apart every day (please see my article TV Networks Reach Fork in Digital Road seekingalpha.com/artic...). The same can be said about network vs local radio.
In my opinion, it all comes down to content. Those mediums that control their own content, like the tv networks, will succeed in the digital realm. Those who don't, like some local stations, simply won't.
Newspapers should also be included in this- properties that still break news like the WSJ and NY Times will find their home in the digital world, but those who simply repackage AP stories are destined to fold.
TV Networks Weathering the Storm [View article]
With respect to the future of the tv business... while I think your thoughts about local news and affiliates are completely valid, I'd point out that nowhere in my article or the NY Times piece does it discuss the business of local tv. This is where the medium is in transition- no longer can the whole industry be painted with one broad brush.
The economics of network tv are very different than local tv, and getting further and further apart every day (please see my article TV Networks Reach Fork in Digital Road seekingalpha.com/artic...). The same can be said about network vs local radio.
In my opinion, it all comes down to content. Those mediums that control their own content, like the tv networks, will succeed in the digital realm. Those who don't, like some local stations, simply won't.
Newspapers should also be included in this- properties that still break news like the WSJ and NY Times will find their home in the digital world, but those who simply repackage AP stories are destined to fold.
Happy New Year.
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