The TV business is having its worst year ever. Audience ratings have collapsed: Aside from a brief respite during the Olympics, there has been only negative ratings growth on broadcast and cable TV since September 2011, according to Citi Research.
Media stock analysts Craig Moffett and Michael Nathanson recently noted, “The pay-TV industry has reported its worst 12-month stretch ever.” All the major TV providers lost a collective 113,000 subscribers in Q3 2013. That doesn’t sound like a huge deal — but it includes internet subscribers, too.
Broadband internet was supposed to benefit from the end of cable TV, but it hasn’t.
TV is dying, both broadcast and cable. There are a ton of graphs in the article showing this.
And it appears that instead of watching TV shows on a TV, more and more are watch on mobile devices, such as the iPhone and iPad.
The iPhone jumpstarted the mobile market. without its easy ability to download and watch video, the destruction of TV might have not happened for several more years.
Not a good time to be a TV executive.