Hear that thud? It’s the sound of network TV finally hitting the ground in defeat. The Los Angeles Times reports on the "painful meltdown of the broadcast-TV industry" which, since it’s inception almost seventy years ago, has seen a rapid rise in competitors from three networks to thirty cable channels to hundreds of digital cable channels to, now, countless and exponentially growing internet offerings.
So how will the time-tested broadcast networks shift their resources to compete in the new TV paradigm, and how quickly should they do it?
Let’s be clear. Independent internet-TV does not yet pose a threat to the likes of a hulking NBC, but c
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