Voters in Kansas are celebrating after overwhelmingly rejecting a proposed amendment to the state’s constitution that would have stripped abortion protections. NBC News’ Dasha Burns breaks down how voters on both sides of the issue are reacting and what it could mean for the wider abortion debate.
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The current state of broadcast TV news is bleak. While many news channels have embraced streaming, others are falling by the wayside. As a result, audiences are dwindling. The share of American households watching cable television fell from 76 percent in 2015 to 56 percent in 2021. As a result, the Fox News Channel is losing $20 a year in subscription fees. More people are turning to streaming to access news and entertainment.
Broadcast and cable news have long been profitable businesses. In 2020, CNN, MSNBC, and Fox combined will generate profits of $3 billion. Free news-streaming services want a piece of this lucrative pie. Their style and approach resemble those of cable, which is ironic considering the fact that the free news-streaming services are competing for audience members. While they aren’t trying to compete with cable, they’re telling viewers that they can watch high-quality news for free and save money.
Critics of CNN, however, missed the opportunity to capitalize on the pent-up demand for alternative news sources. According to business guru Bharat Anand, “Consumers are frustrated when they pay a high price for a low-quality product.” The lack of alternatives is a kindling for innovation. As a result, consumers’ expectations of news channels have changed considerably. In addition to the increased competition, there is a plethora of new sources of content.
