Television networks face extinction

NEW YORK - A new report from consulting monolith Deloitte & Touche says the business model of existing traditional broadcast TV networks is now obsolete and if drastic changes aren’t made – and soon – they will die. “The global broadcast television industry is undergoing fundamental, unstoppable change that is rendering the network model obsolete, says the report by Deloitte's Technology, Media & Telecommunications (TMT) industry group. Called “Television Networks in the 21st Century: Critical mass in a fragmenting world,” it argues that the model of a few dominant network channels – funded by advertising – has long been disappearing...