As Facebook's audience is growing into all age categories, there will be a tremendous reduction in audiences viewing news broadcasts on television and reading newspapers.
The fact is news gets old or grows stale quickly.
I don't read the newspapers or watch the news channel anymore.
Why would I, or anyone else for that matter, want to hear old news being repeated on a television by a newscaster and being interrupted by ads, when I can read it as it happens on Facebook when its uploaded instantly after it occurs.
This about it. In the time it takes to put together a television broadcast and surely to print a newspaper, that news has to have happened many hours ago.
We live in a digital age. Why would you want to hear old news, when you could have read it hours ago when it happened, on your Facebook news feed.
This in particular will generate massive ad revenues for Facebook as they become the go to for people to read the news in real time.
I rate Facebook a strong BUY and I am long the stock.
Disclosure: I am long FB.