The bill, which codifies recognition of same-sex and interracial marriages into federal law, passed its final vote in the House and will now go to President Joe Biden’s desk for signing.
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Streaming news has emerged as a major alternative to cable TV. It offers a streamlined, customized, and timely way to receive news. It is available wherever a viewer goes and allows for the creation of news libraries that are cost-effective. It can also offer documentaries and reruns of previous programs.
In the first years of streaming, major networks invested hundreds of millions of dollars to create streaming operations. They repurposed programming from their broadcast stations and scheduled regular nightly news shows. They also produced documentaries and news analysis.
Streaming networks also found success with niche audiences. For example, Fox Nation has attracted 1.5 million subscribers. Its subscribers pay $20 per year for the content. They have proven that a TV audience will pay for high-quality news.
CBS and ABC, two major broadcast networks, have entered the news-streaming business. They plan to provide 45,000 hours of local news in 2022. They will invite local media publishers to partner with them.
Streaming news has the potential to revive the local news ecosystem. Its ability to deliver local news on demand makes it a viable option for smaller publishers. It can also increase local story volume by increasing geographic coverage.
As viewers become increasingly frustrated with low-quality, high-cost products, new innovators have created a niche for themselves. These streamers are essentially telling viewers to cut their cable subscription. In exchange, they would like to share in the profit.
Unlike cable, streaming has the advantage of arriving on demand and travels wherever the viewer goes. This reduces the scarcity of media resources.
