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Streaming has set the pace for mass audiences. As a result, major news networks have invested hundreds of millions of dollars in streaming operations. These networks repurpose programming from cable and broadcast to deliver news analysis, documentaries, and reruns.
CBS News, NBC, and Fox News have all launched streaming news channels. These outlets employ more journalists than any U.S. TV news operation. Streaming also allows networks to archive content, which makes building news libraries economical.
When streaming news first arrived, CNN faced criticism for not attracting viewers. The critics were wrong to underestimate the rapid rate of adoption of cable. However, they missed the pent-up demand for alternatives.
Streaming news also allows viewers to choose the content they want. Streaming networks repurpose programming from cable and broadcast, giving viewers access to the news they want, when they want it.
The streaming news model has also created niche audiences. While most TV viewers are commercial-averse, some viewers are willing to pay for a news channel.
Fox News is a prime example of a partisan news outlet. It has attracted 1.5 million subscribers for its Fox Nation streaming app.
Streaming news is also attracting overtly political news operations. Streaming news is likely to reshape political news coverage. As a result, new players may emerge.
Streaming news is also reshaping the news industry. In addition to repurposing broadcast programming, major streaming networks have created regular nightly news programs. In 2022, CBS plans to beam 45,000 hours of local news to viewers.
