"This Will Be Bigger Than Tesla" -- Elon Musk

Elon Musk has cracked open a radical wealth-building opportunity, one that's set to close shut by May 16, 2024. It has to do with a new venture that Elon Musk is set to roll out... Something I'm calling "Elon's A.I. 2.0."

Are AI Stocks in a Bubble?

They are TV's ghosts — networks that somehow survive with little reason to watch them anymore

March 01, 2024

NEW YORK (AP) -- The list of memorable characters and personalities who entered popular culture through cable television is long: Honey Boo Boo. Tony Soprano. Lizzie McGuire. Don Draper. Jon Stewart. Beavis and Butt-Head. Chip and Joanna Gaines. SpongeBob SquarePants.

Pick your own favorites. Chances are there won't be many more to join them.

Few cable and satellite networks are a force anymore, the byproduct of sudden changes in how people entertain themselves. Several have lost more than half their audiences in a decade. They've essentially become ghost networks, filling their schedules with reruns and barely trying to push toward anything new.

Says Doug Herzog, once an executive at Viacom who oversaw MTV, Comedy Central and other channels: "These networks, which really meant so much to the viewing public and generations that grew up with them, have kind of been left for dead."

As they fade, so are the communities they helped to create.


Pockets of success remain, notably with lifestyle and news programming. And it's not like there's nothing to watch. You'll find more options on Netflix than a diner menu.

Yet something undeniably has been lost. Stewart's triumphant return to Comedy Central's "The Daily Show" this winter only begs the question: Did it really have to be this way?

Cable TV primarily took flight in the 1980s, breaking the iron grip of ABC, CBS and NBC. Essentially the first fragmentation of media, cable brought people with common interests together, says Eric Deggans, NPR television critic.

"People who were previously marginalized by the focus on mass culture suddenly got a voice and a connection with other people like them," Deggans says. "So young music fans worldwide bonded over MTV, Black people and folks who love Black culture bonded over BET, middle-aged women bonded over Lifetime and fans of home remodeling convened around HGTV and old-school TLC."

Nickelodeon and Disney became de facto baby sitters. CNN, Fox News Channel and MSNBC changed the nation's political discourse. ESPN occupied sports fans. HBO and Showtime, and later networks like FX and AMC, offered edgier fare that broadcasters shied away from.

Networks were endlessly malleable, too. Once MTV recognized there wasn't much money in music videos -- people would change channels when a song they didn't like came on -- the network became a relentless arbiter of cool. Generations had their own touchstones in programs like "Punk'd," "The Osbournes" and "Total Request Live."

Now MTV is a ghost. Its average prime-time audience of 256,000 people in 2023 was down from 807,000 in 2014, the Nielsen company said. One recent evening MTV aired reruns of "Ridiculousness" from 5 p.m. to 1:30 a.m.

The general interest USA Network's nightly audience tumbled 69% in the same time span, and that was before January's announcement that viewer-magnet "WWE Raw" was switching to Netflix.

Without favorites like "The Walking Dead" or "Better Call Saul," AMC's prime-time viewership sunk 73%. The Disney Channel, birthplace to young stars like Miley Cyrus, Hilary Duff and Selena Gomez, lost an astonishing 93% of its audience, from 1.96 million in 2014 to 132,000 last year.

TBS, TNT, History, Lifetime, FX, A&E, BET, E! Entertainment, SyFy, Comedy Central, VH1 and Discovery have all lost at least half of their 2014 audience.

For many, most of the schedules are big blocks of reruns: "Seinfeld" and "The Office" on Comedy Central, "The Big Bang Theory" and "Young Sheldon" on TBS. Tyler Perry movies dominate. Cheap and cheesy nonfiction fills time: "90 Day Fiance," "Prison Brides," "Married at First Sight," "Contraband: Seized at the Border."

That's not appointment TV. It's accidental. Ghosts.


With the explosion of Netflix, the giant companies that dominate the entertainment industry saw that as the future. To a large extent, they've concentrated time, energy and resources on these services, launching a competition that still hasn't shaken out -- no one knows yet how many streaming services the market will support and which ones will survive.

Was the downfall of cable the inevitable result? "That's the gazillion-dollar question," Herzog says.

"The conglomerates, they definitely jumped the gun, I think, in shifting their assets away from the cable networks and left them as zombies," says Michael Schneider, television editor at Variety. "They're paying the price."

In 2015, some 87% of American homes had a cable or satellite television subscription, according to the Nielsen company. By 2023, only 47% of homes subscribed. If you include services like Hulu or YouTube TV, the percentage of homes with access to multiple channels was 62% last year, Nielsen said.

If fewer people have cable, then obviously fewer are watching. But it's a classic chicken-and-egg situation: Have the number of subscribers dropped because people feel the networks have less to offer? Or is less being offered because there are fewer viewers?

To illustrate how fast habits are changing, a survey taken in January by the digital marketing agency Adtaxi found that 73% of viewers turned to streaming before cable or broadcast when they sat down to watch TV. Only a year earlier, 42% said streaming was their default choice.

Much of what people stream are programs originally on broadcast and cable. That provided a windfall hard to resist for creators of those shows, one top executive said. The tradeoff was getting people accustomed to a different kind of viewing experience -- watching what they wanted, when they wanted it, even binging. All without the distraction of commercials, at least at first.

Remember couch potatoes? Channel surfers? Now the " Netflix and chill " generation has taken over.

That's more than trading descriptive phrases. Reclining before a big screen with a remote control, searching for something to do, is an activity fading with the times, says John Landgraf, chairman of FX Content & Productions and a big-picture thinker of the media industry. It was Landgraf who coined the phrase "peak TV" to describe an overwhelming flood of television programming.

Streaming is more pro-active, he says. Tik-Tok, YouTube and gaming are supplanting television in occupying people who are simply looking to fill some time. "They figured out passivity," Landgraf says. He says he's optimistic FX's parent, Disney, will solve this puzzle.

That's no small thing when the industry is built upon advertisers who pay to reach those consumers -- active or passive.

While streaming offers viewers the convenience of making their own schedules, its algorithms are designed to push people into ever-smaller circles, suggesting programming similar to what they've already watched before, Landgraf said. It further lessens the opportunities for communal viewing experiences, or stumbling upon something that broadens your outlook.

"Collectively," he says, "we've lost something."


Landgraf's FX is one of the few companies keeping its brand strong while making a transition to streaming. "The Bear," which just won an Emmy for best comedy, is an FX show but available exclusively on the Hulu streaming service. "American Horror Story" is on the actual FX television network. Several shows toggle between both.

HBO is also making the transition well, while Bravo programming is a strong draw for Peacock. Nickelodeon and MTV are among the brands having a harder time; S&P Global last week put their parent company, Paramount, on a negative credit watch, citing "the deterioration of the linear television ecosystem."

There are still networks keeping the light on. Fox News Channel is cable's top-rated network; news-oriented outlets thrived during the Trump administration but have faded recently. HGTV's home remodeling holds up. The Hallmark Channel, with wholesome stories aimed at older women, averaged 929,000 viewers in prime-time last year, up 12 percent from a decade ago.

Despite the exodus of viewers, ghost networks survive because they still make money for their owners. Cable and satellite systems pay fees to carry them -- passed on to consumers, of course -- and advertisers buy commercials.

When that changes, all bets are off, and odds are the ghosts will move on.


David Bauder covers media for The Associated Press. Follow him at http://twitter.com/dbauder

Continue Reading...


Brazil again postpones visa requirements for US, Canada and Australia, this time until 2025

RIO DE JANEIRO (AP) — Brazil’s government has postponed until April 2025 for citizens of the U.S., Australia, and Canada that had been scheduled to end on Wednesday.

The Man Who Bought Bitcoin at $5 Reveals His Next Tiny Crypto Gem for 2024 - Ad

Early Bitcoin Millionaire Charlie Shrem just revealed his five little-known crypto coins that he believes could create generational wealth over the next 12 months. What's more, some of these tiny cryptos he's discovered trade for less than $1!

Key Nvidia, Apple Supplier TSMC To Receive $6.6B From US Government For Arizona Plant

The funding, a part of the U.S. CHIPS and Science Act, will bolster TSMC's over $65 billion investment in three advanced fabrication plants in Phoenix, Arizona.

US airlines ask the Biden administration not to approve additional flights between the US and China

WASHINGTON (AP) — Large U.S. airlines and some of their unions are asking the Biden administration to stop approving any more flights between the United States and China because of what they call “anti-competitive” policies that China imposes on U.S. carriers.

"Safe" Investors Who Don't Get Out of Cash NOW Could Lose Everything Over the Next Six Months - Ad

The next six months are going to be some of the most precarious times to invest in the history of the United States. Because for the first time, your money is at risk of being completely wiped out, even when you think it is safest. This bubble is on a schedule and to get out before your portfolio becomes shark bait, you need to...

FBI Chief To Warn Congress Of Potential Coordinated Attack In US Similar To Russia Massacre: 'Threats To Our Public Safety And National Security...So Elevated'

FBI Director Christopher Wray is expected to raise concerns about the possibility of a coordinated attack in the United States, similar to the recent massacre in Russia, in a congressional hearing on Thursday.

Piedmont Advances NAL Operations; Royal Gold Subsidiary Sells 49,500 GEOs; Hecla Mining Reports Q1 Production And More: Tuesday's Top Mining Stories

Top stories for April 9, 2024: Piedmont Lithium and JV partner Sayona Mining aim for steady state production by 2024. Royal Gold sells 49,500 GEO in Q1. Hecla Mining sees increases in silver, gold, lead, and zinc production. Coeur Mining begins commercial production at expanded Rochester mine.

A.I. Pioneer Warns: "I thought we had more time..." - Ad

A radical new A.I. development is about to blindside millions of Americans. This early A.I. pioneer just issued an urgent warning explaining everything.

What Is The Most Undervalued MANGO (Semiconductor) Stock Right Now?

MANGO stocks seek to replicate FANG success in semiconductor sector, with Nvidia leading (+220.78%) and ON Semiconductor most undervalued (+16.05 P/E, 3.72 EV/Sales).

Macy's names 2 independent directors as part of agreement with activist investor

NEW YORK (AP) — Macy's said Wednesday it has named two independent directors to its board that were pushed by activist investor Arkhouse Management, ending a proxy fight that aimed to replace most of the board and to acquire the iconic chain.

CRITICAL May 1st Warning - Ad

Jason Bodner is going public today with an urgent new warning. He believes the most popular investment of 2024 is set to pop... And it could all start just days from now. This has NOTHING to do with A.I. stocks... It has NOTHING to do with crypto currency... And it has NOTHING to do with high-flying tech stocks. Instead, this corner of the market you likely have cash parked in has swelled to nearly $6 trillion.

What's Going On With Pratt & Whitney Parent RTX Shares Today?

RTX Corporation shares dip on Tuesday. Pratt & Whitney unveils North American Technology Accelerator, aiming to enhance MRO network development.

Insiders Buying Zumiez And 3 Other Stocks

Although U.S. stocks closed little changed on Monday, there were a few notable insider trades.

On Location at My No. 1 A.I. Stock Pick - Ad

In this video, I go on location to share the name, ticker symbol, and story behind my #1 A.I. stock pick. I can almost guarantee you've never heard of this company -- but soon you, your friends, and your family will likely all be using it.

Jessica Alba steps down as chief creative officer at Honest, the personal care company she founded

Jessica Alba, who shot to fame in the James Cameron television series “Dark Angel,” as well as films such as “Sin City” and the “Fantastic Four,” will step down as chief creative officer at Honest Company, a personal care company that she founded.

The No. 1 Crypto for 2024 - Ad

We're entering the final crypto bull run, and 2024 will be your last chance to ever get rich from crypto. These five tiny cryptos are believed to create generational wealth over the next 12 months. $30 trillion is poised to funnel into the crypto markets thanks to a new government regulation just signed.

Why NetEase Stock Is Seeing Blue Skies

NetEase shares closed higher by 3.8% for Tuesday's session. The stock gained following a report suggesting the company and Blizzard Entertainment are expected to announce a new deal.

Culinary diplomacy: The internet is obsessed with what Janet Yellen eats in China

BEIJING (AP) — Ever since she ate mushrooms that can have psychedelic effects in Beijing last July, has united Americans and Chinese in wanting to know what she will eat next.

Billionaires Are Now FLOODING Into Gold - Ad

Ray Dalio, John Paulson, and many others all recommend you own gold right now. But did you know there's another huge investor (worth more than all the world's billionaires COMBINED) buying gold by the ton? That's why the best move to make right now could be this little-known gold investment (which you can get started with for just $5).

A healthy US economy's secret ingredient: Immigrant workers, eager to fill jobs

MIAMI (AP) — Having fled economic and political chaos in Venezuela, Luisana Silva now loads carpets for a South Carolina rug company. She earns enough to pay rent, buy groceries, gas up her car — and send money home to her parents.

Waterfall Network Makes Decentralized Participation Easier With New Desktop App

Waterfall Network has launched a user-friendly desktop app for easy participation in the blockchain ecosystem, which supports 10,000+ transactions per second.

10X Gains on the Horizon? - Ad

Our top pick for the next crypto boom is flying under most investors' radars. We believe this coin has the potential to deliver 10X returns or more. Get the name of the coin and our complete investment guide for just $3.

Peter Schiff Predicts Bitcoin ETFs Will Lead To Its 'Biggest Crash Ever'

Bitcoin's (CRYPTO: BTC) ever-bearish commentator Peter Schiff commented on the crypto king, foreseeing its biggest crash and a potential MicroStrategy (NASDAQ:MSTR) bankruptcy.

EXPOSED: How the Rich Are Using A.I. To Get An Unfair Advantage - Ad

The wealthy elite have always used cutting-edge technology to get an unfair advantage... A.I. will be no different. Right now, A.I. is creating a huge wealth-building advantage for folks who know how to use it.

What's Going On With Weed Stocks Aurora Cannabis And Canopy Growth?

Aurora Cannabis, Inc. and Canopy Growth Corporation shares are trading lower Tuesday in sympathy with Tilray Brands which fell after reporting worse-than-expected third-quarter results. 

Why Tilray Brands Shares Are Trading Lower By Around 22%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session

Shares of Tilray Brands, Inc. (NASDAQ: TLRY) fell sharply during Tuesday’s session after the company missed third-quarter estimates and said it no longer expects to generate positive adjusted free

One Crypto Can Change Your Financial Life - Ad

The catch is you won't be able to become a millionaire by buying Bitcoin today. There are five little-known coins I've discovered that I believe will skyrocket over the course of the next few months.

Trump Vs. Biden: Youngest Voters Split On Who They Would Pick In 2024 Election, Why This Could Decide Who Wins

The 18-34 voter demographic are split between Donald Trump and Joe Biden in a recent 2024 election poll. Why that's important according to historical data.

Can Dogecoin Flip Ripple? Here's What It Would Take

The popular meme cryptocurrency, Dogecoin (CRYPTO: DOGE), is on the brink of surpassing Ripple-affiliated XRP (CRYPTO: XRP) in terms of market value, following a recent surge in price.

Gold Is SOARING -- Here's What You Need to Do - Ad

Everything is lining up perfectly for a historic gold bull run. One gold expert says he's found the best way to get in, for less than $5.

Volkswagen And BMW Report Unexpected Good News Of Their EV Progress

With many concerns in the air about the EV revolution running out of steam as even the EV king, Tesla Inc (NASDAQ: TSLA) came short of estimates as it posted its first deliveries drop in four years, Volkswagen AG (OTC: VWAGY) and Bayerische Motoren Werke

Brazil Supreme Court justice orders investigation of Elon Musk over fake news and obstruction

RIO DE JANEIRO (AP) — A crusading Brazilian Supreme Court justice included Elon Musk as a target in an ongoing investigation over the dissemination of fake news and opened a separate investigation late Sunday into the executive for alleged obstruction.

2024 Stock Alert: Is This an AI Melt Up? - Ad

The AI "gold rush" is here. What comes next in 2024 could have consequences on your wealth and retirement for the next decade or more. Which is why you need to prepare for a reckoning in popular tech companies...and instead move your money into these under-the-radar AI stocks.

Stocks Fall Ahead Of Key Inflation Data, Gold Defends Record Highs; Bitcoin Stumbles Below $70,000: What's Driving Markets Tuesday?

Stocks edged lower during midday trading on Tuesday as traders maintained a cautious stance in anticipation of the highly awaited Consumer Price Index (CPI) report scheduled for Wednesday, which could offer crucial insights into the potential course of actions by the Fed.

Breaking: A Global Gold Lockdown Is Now Underway... - Ad

All over the world, vaults are being emptied out by financial insiders. And soon, you may not be able to purchase gold -- at ANY PRICE... Period. Forty-year market veteran and former Goldman Sachs Vice President, Dr. David Eifrig, reveals what is happening behind the scenes in the gold market, and what you must do immediately to prepare.

Enliven Therapeutics Shares First Look At Safety, Clinical Activity Of Lead Program

Enliven Therapeutics' Phase 1 trial results for ELVN-001 in chronic myeloid leukemia (CML) patients. Explore the promising safety and efficacy data.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service