Broadcast TV stations have long had the highest profit margins in the media business. But the financial model that sustained that growth has steadily eroded in recent years. Streaming — which now accounts for more than 40% of all viewing — has pulled consumers away from traditional TV, putting pressure on outlets to control costs so they can remain financially viable.
After moving on from KTLA, Abovian is focusing on her podcast, “Breaking Through, The Ellina Abovian Podcast,” where she discusses “the unpretty pivots in life.” “Local news will always be very important,” Abovian said. “However, the delivery and the way the industry takes form are changing. It’s up to all of us to realize what our niche is, what our voices are and how we can continue to be storytellers, just in a different format.”
True too and we seen similar stuff at Newspapers. The Recent Washington Post cuts had the same story the audience is getting their national News content from wire services like AP and Reuters. But Washington Post had to deal with Wall Street Journal, New York Times, Los Angeles Times and USA Today and compete against each other for the same national news readership in that case. Plus the general decline for print editions escalated the cuts at many legacy outlets.Interesting article. This paragraph sums it up:
So what's behind the decline? Viewers moving to streaming. Sound familiar? It's the same thing that's killing broadcast radio.
Meanwhile, the FCC thinks that granting a merger between two big TV companies will help local TV news. So far, that hasn't happened.
Meanwhile, what's the future of local TV news?
The former TV journalists are taking matters into their own hands and starting their own podcasts to fill the void.
they've also trained people to believe OTA TV no longer exists or is some kind of illegal hack, they never mention antennas during carriage disputesThe various news organizations have successfully trained a whole generation, perhaps two, to completely ignore daily newscasts. Their demise is their own damned fault.
No. The audience is getting its news from Instagram and TikTok. Or not at all. AP and Reuters are not doing well, financially, either.The Recent Washington Post cuts had the same story the audience is getting their national News content from wire services like AP and Reuters.
There is a big difference between radio and TV. What killed radio was the advent of on-demand service. There is a long-standing opinion that FM radio doesn't play enough of my favorite bands, and with streaming I can listen to as much Vince Gill as I want.So what's behind the decline? Viewers moving to streaming. Sound familiar? It's the same thing that's killing broadcast radio.
Meanwhile, the FCC thinks that granting a merger between two big TV companies will help local TV news. So far, that hasn't happened.
There is a big difference between radio and TV.
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it is not healthy for a democratic republic (such as the U.S.) to not have similar common news sources that are shared by a majority of the population.
In some ways yes, in some ways no. To me, the big thing for both was the loss of the mass audience caused by unlimited choices. The loss of the mass audience disrupted the business model, because advertisers want a mass audience. So that loss of money certainly affected how radio sounds, and is now starting to affect how local TV looks, and is starting to affect network and cable TV. To me, the money is what drives the content.
You bring that up a lot, yet offer no solutions. The way to have a common news source is to shut down competition and replace all news with the government. A democracy by definition means you have lots of diverse views and opinions. So that comes with the territory. Common news sources is what you get in a dictatorship.
If this is the case, then why are advertisers exiting the broadcast media en masse for the Internet. The answer to that question is a simple one that goes beyond the movement of the mass audience to smaller portions viewing and listening to Internet channels; namely, the ability of the advertising companies to target individual Internet users with personalized ads based on their IP addresses.
Not necessarily. During the 1960s, the U.S. had three healthy TV networks and a plethora of local and national newspapers from which people got their news. What separated them them from today was that all were determined to report verifiably factual information, something that is not true in today's Internet environment.
There are actually several answers to the question. There IS a mass audience for Spotify or Sirius as a thing. Just not for the individual channels. So if reaching a mass is an advertiser goal, digital streaming has a bigger mass number than any broadcast company. Even iHeart's streaming service reaches fewer people than Apple or Spotify. I think what broadcasters are hoping for with new FCC ownership rules is to find a way to get broadcasting to have a mass national number that's competitive with streaming.
But I'm arguing that reaching a mass audience, many of whose members could care less about the advertiser and buying the product(s) being sold, is no longer the goal of many advertisers, especially national advertisers.
citycast.fm
Graham Holdings, the company that previously owned the Washington Post, is stepping up its coverage of the DC metro area following last week’s firing of a third of the newspaper’s staff last week by billionaire Jeff Bezos. Only this time, Graham will do it via podcasting. City Casts, the network of daily local news podcasts and newsletters, has announced it will size up and expand its efforts in the Washington area to fill the gap left by the Post layoffs.
“City Cast is going to immediately and significantly expand our local DC newsroom, to help fill the void the Post is leaving,” Plotz says. “City Cast’s parent company, the Graham Holdings Company, knows from its own longtime stewardship of the Washington Post how important local media is to a city’s well-being. Graham Holdings is continuing its commitment to the region by supporting City Cast’s expansion.” Graham sold the Washington Post to Bezos in 2013.
Like you, we’ve spent a lot of time listening to podcasts and reading newsletters that help us make sense of the bigger world— politics, sports, fiction, fantasy, technology, and national news. But we’ve longed for a daily podcast and newsletter that help us connect with our own communities — the beautiful, complicated cities where we spend our days (and dollars). So we decided to make one (or, technically, several).
City Cast is a network of daily local podcasts and newsletters that make you feel more connected to the city you love. Currently in Boise, Chicago, Denver, DC, Houston, Las Vegas, Madison, Philly, Pittsburgh, Portland, and Salt Lake-- with more cities coming soon.
Chicken-or-the-egg…which came first, people seeking an alternate reality or outlets catering to it?Not necessarily. During the 1960s, the U.S. had three healthy TV networks and a plethora of local and national newspapers from which people got their news. What separated them from today was that all were determined to report verifiably factual information, something that is not true in today's Internet environment.
What national newspapers were there in the 60’s? Yes, we had the WSj, but it was, back then, almost totally business. We had the fairly niche Christian Science Monitor, but nothing else. On the other hand, Time, Newsweek, U.S.News filled any void not covered by local press. I don’t even mention very limited ones like the Daily Worker.Not necessarily. During the 1960s, the U.S. had three healthy TV networks and a plethora of local and national newspapers from which people got their news.
Not really. If you looked New York City, the various dailies definitely had different areas of focus and editorial opinion. This was true whether comparing the New York papers or the Press and Plain Dealer in Cleveland.What separated them from today was that all were determined to report verifiably factual information, something that is not true in today's Internet environment.