The long-term decline in viewership for America’s big TV outlets is finally starting to catch up to their stock prices. Since 2009, media stocks have been some of the best performers in S&P 500, but the last few days have seen $50 billion wiped from these companies.
Mainstream Media Stock Prices Collapsing as People Choose Internet Over TV
Comment: I know this article is about the U.S. media, but it applies globally. What’s coming (as I indicated on previous occasions – including the predictions for this year) are licences to use the internet.