Whoa! Television must be dead. Even the Wall Street Journal is starting to smell the corpse:
Note to Media Investors: TV Isn’t Quite Dead Yet
by Paul Vigna
The media sector got walloped last week, hit hard by investors fleeing amid the panic of the “cord cutters,” people who are dropping their cable packages in favor of Internet-based platforms like Netflix , Hulu, YouTube, or Amazon. Far from a sudden crash, however, it seems that Wall Street is just starting to take seriously a phenomenon that’s been building for year.