ABC News’ Jonathan Karl interviews Sen. Raphael Warnock, D-Ga., on “This Week.”
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Streaming news is a trend that has swept across the media landscape. As a result, major networks have been investing hundreds of millions of dollars to establish new streaming operations. These organizations repurpose programs from traditional broadcast television and offer documentaries, reruns, and news analysis.
Streaming news is set to revolutionize the way that we cover politics. The internet is bound to bring us new overtly political news operations and new methods for fundraising campaigns.
News outlets like CNN and Fox have made a lot of money. In fact, they earned $3 billion in 2020. However, the network was hit hard by a recent drop in viewership. Some critics said that the network’s cable expansion failed to meet demand.
Despite the criticism, CNN is now one of the most profitable media companies in the world. A large portion of its audience is under 45 years old.
CNN’s critics also missed the rapid adoption of cable. Cable’s advantage was that viewers could time-shift their viewing. With DVRs, they could watch at a time of their choosing.
This allowed them to avoid news that challenged their beliefs. At the same time, they were able to enjoy entertainment, too.
Unlike cable, streaming news delivers content on demand. It is accessible to viewers everywhere. For example, a CBS-owned local station in Pittsburgh was able to pipe coverage of the collapse of a bridge to streamers.
While many news executives are hopeful about streaming, they have also cautioned against over-hyping its benefits. They have pointed out that it allows for more economical news libraries.
