TV News’ Dangerous Bet: Hedging on a Streaming Future
BY ALEX WEPRIN | HollywoodReporter.Com Troy Warren for CNT #Business While touting new platforms (think: CNN+ or Fox Nation), top broadcast and cable executives are incentivized to protect the linear status quo, given that’s where the money is — even if it’s a rapidly declining business model. Does TV news have a future outside of the existing television ecosystem? The question is top of mind for news executives as the entertainment world dramatically shifts, with linear TV channels facing steady decline and streaming on the rise. In his 1991 book Three Blind Mice, Ken Auletta detailed how the rise of cable TV,…