Seven people were killed and one is hospitalized with life-threatening injuries, authorities said, in a second California mass shooting in three days.
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Streaming news has changed the news game. It reduces the scarcity of news information, allowing for timely, on-demand delivery. It travels wherever a viewer is, and offers a customized experience.
Historically, TV news has been a profitable business. But commercial-averse viewers may not pay to watch it. That frustration creates an incentive for innovators to enter the streaming market.
Newsy and Newsmax have both planted a flag in the streaming frontier. They have found a niche audience that will pay for content. Fox News Channel and One America News are expected to join the online video fray.
Major networks have invested hundreds of millions of dollars in streaming operations. While some critics claim that the streamer business is a fad, many believe it could help them reach an audience they could not reach with broadcast TV.
Aside from the major streamers, a number of smaller news outlets have also entered the streaming business. These include CBS-owned local stations, as well as ABC, Fox, and MSNBC.
Many of these news operators offer a mix of news analysis, documentaries, and regular nightly news programs. In fact, most Americans subscribe to at least one of these services.
Most of these networks, though, have been operating for a decade. They have repurposed existing programming and chased breaking news. Among the major streams, CNN, Fox, and MSNBC have earned more than $3 billion in profits for 2020 alone.
The success of these online video streaming operations is likely to reshape the way political news is covered. They will avoid expensive negotiations with cable companies.
