ABC News’ Jonathan Karl interviews Rep. Don Bacon, R-Neb., on “This Week.”
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The future of current news will be shaped by online video streaming. A new generation of overtly political and partisan news outlets will likely emerge.
In recent years, streaming has gained ground on traditional broadcast news. Streaming allows viewers to access news anytime, anywhere. Moreover, the news arrives in a format that resembles conventional television. This provides viewers with the ability to tailor their experience.
Historically, broadcast news has been a lucrative business. However, consumers have grown frustrated with low quality, high cost products. As a result, new players have entered the market.
Streaming news has proven to be attractive to a broad range of audiences. Despite the many controversies, online video streaming has been embraced by a large number of users.
The major news networks, including CBS, NBC, ABC, Fox, and CNN, have invested hundreds of millions of dollars in their streaming operations. They hope this technology will help them attract and retain subscribers. It could also allow them to silo their audience, similar to what cable TV achieved.
Unlike conventional TV, however, online video streaming will not be bounded by expensive negotiation with cable companies. Additionally, it will not be encumbered by a limited supply of TV licenses. That will encourage new players to enter the market.
For the news industry, this presents a big opportunity. Streaming has already proven itself to be an economic way to build a library of news. With the advent of DVRs and time-shifting, streaming content can be delivered on demand.
