Tuesday, December 29, 2009

Associated Press announces end
of traditional media
including television

Associated Press is fudging and won't admit traditional media is dead. Here's a Dec. 29 report:

By ANDREW VANACORE, AP Business Writer

NEW YORK – For more than 60 years, TV stations have broadcast news, sports and entertainment for free and made their money by showing commercials. That might not work much longer.

The business model is unraveling at ABC, CBS, NBC and Fox and the local stations that carry the networks' programming. Cable TV and the Web have fractured the audience for free TV and siphoned its ad dollars.

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