Cable News Hedging on Streaming Future…

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, and specifically CNN and its coverage of the Gulf War, threw the network news divisions at ABC, NBC and CBS into chaos. 

“Instantly, the public glimpsed the cataclysmic changes in the television industry,” Auletta wrote. “Viewers realized that CNN, not the three networks, was the channel of convenience for live, up-to-the-minute news … All at once, everyone seemed to be talking about whether network news had a future – indeed, whether the networks had a future.”

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