Traditional television broadcasters and networks are under immense commercial pressure now. There's no secret about that.

What's not clear, as with the newspaper industry, is what the alternative is.

Henry Blodget, tarnished prophet that he is, has been beating this drum loudly and fairly convincingly for a few years now:

http://articles.businessinsider.com/2009-06-12/tech/30062877...

http://www.businessinsider.com/tv-business-collapse-2012-6