According to The Cross Platform Report by researcher Nielsen, United States viewers still spend around four hours a day watching TV, barely down from record highs.
Does this make the battered shares of Seven, Nine and Ten cheap buying for potentially-rich stocks? No.
Australian television broadcasters are at the very same tipping point newspapers reached a few years ago, just before their problems became near-terminal.
While new technology is already eating away at TV’s margins, faster broadband speeds will demolish the business model altogether.
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