You’ve probably read how many local newspapers are in deep financial doo-doo recently. Some have even closed, like the Rocky Mountain Daily News.
Now, the same thing appears to be happening to Broadcast TV. This article shows the writing on the wall.
The problems with the newspaper and broadcast TV businesses are similar: people prefer on-demand content. Why huddle around your TV at 8 PM Thursday to watch your favorite show, when you can watch tons of great stuff from sites like Hulu whenever you like? Why read the newspaper (which may be 12 hours out-of-date – god forbid!) when you can get the latest breaking news online?
We’re moving to an on-demand world, and any businesses that fail to adapt to that mindset are doomed to fail.