One person was hurt and the gunman is dead after a shootout with police inside of a Walmart in Evansville on Thursday.
READ MORE:

#abcnews #walmart #shooting #evansville #indiana #gunviolence

During the 1980s, Ted Turner started a cable news network. He hoped his burgeoning business would turn into a profitable venture. However, the TV news industry had been dominated by broadcast channels for decades.

Eventually, a streaming channel emerged. The idea was to deliver the news in a format that could be viewed anywhere, anytime. This would allow the network to repurpose its programming for the new medium.

To attract consumers, the news networks invested hundreds of millions of dollars into the streaming enterprise. They were banking on a multi-billion dollar profit in 2020. As of now, they have at least a million subscribers.

Streaming may be the next frontier for news channels. Not only does it provide news content on demand, but it allows the networks to archive it as well. For instance, if there is a major event, such as the Boston Marathon bombing, the network can pick up local coverage.

Streaming will also reduce the scarcity of news content. A television network can produce a special report, or a breaking news story, based on the most recent developments in the news.

Several new streaming services have cropped up. These include Fox’s Fox Nation, which is gaining 1.5 million subscribers. Another big player is Newsy, which claims to be the first to deliver “live video on demand.”

One notable player is CBS, which reportedly plans to deliver 45,000 hours of local news a year. It also hopes to earn a hefty $3 billion profit in the process.