With everything nearly 8% more expensive than last year, shoppers are paying with credit cards to buy gifts during the holidays. But, Americans are heading into the peak holiday season with record debt as they face high-interest rates on missing payments. Experts recommend prioritizing 0% balance transfer cards and consolidating your debt as strategies to save.
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Historically, broadcast news has been a profitable business. In fact, Ted Turner founded the Cable News Network in 1980 with little news experience. Today, a handful of major news networks have entered the news streaming business.
As they enter the market, they have high hopes for success. The streaming industry will likely reshape the news landscape. New partisan news operations and overtly political news operations are likely to emerge. The proliferation of news choices may feed the audience’s polarization.
Fox has gained 1.5 million subscribers for its Fox Nation streaming app. This has proven that TV audiences will pay for news content.
In fact, the streaming model looks very much like cable. It allows viewers to customize their experience. Streamers can watch on-demand and choose what they want to watch. It also allows networks to archive content. This makes building a library of news programs economical.
News networks were confident that they had a technological advantage in serving the streaming audience. They invested hundreds of millions of dollars in streaming operations. They knew that the streaming audience was hungry for news. However, they also saw the vanishing of audiences as a negative.
In an effort to avoid overhyping the new streaming model, news networks avoided creating a new free outlet. Instead, they repurposed some of their broadcast programming.
In 2022, CBS News plans to beam 45,000 hours of local news to viewers. During that time, the share of American households watching cable TV will drop from 76 percent to 56 percent.
