Trump Signs Law to Launch Dollar 2.0

Trump just signed law S.1582, unleashing the biggest money shift in 100+ years. For the first time since 1913, private firms - not the Fed - can mint a "Dollar 2.0." Treasury says it could drain $6.6T from banks and pay 10X current savings rates. Early investors in minting firms could see 40X returns by 2032.

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

DAVID BAUDER
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.

WHAT HAS BEEN LOST?

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.

MAYBE GOING DOWN THIS ROAD WAS INEVITABLE

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."

THE ROAD TO STREAMING -- AND TO THE FUTURE

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...

Popular

EPAM Confident On Growth, Initiates $1 Billion Stock Buyback

EPAM Systems (EPAM) stock gained 4.41% after reporting strong third-quarter 2025 results, with sales of $1.394 billion.

Marjorie Taylor Greene Goes Bargain Shopping, Discloses Buying These Two Stocks At 52-Week Lows

Congresswoman Marjorie Taylor Greene disclosed some new stocks recently. Unlike past trades in 2024 and 2025, the latest disclosure is rather unique.

Elon Says Tesla's Next Move Could "Affect the Future of the World" - Ad

Get ready for what could be the biggest corporate pivot in U.S. history. Tesla insiders are preparing for a dramatic new launch (not driverless cars) but something far bigger. You're almost out of time to prepare.

Veterans Day: What's open, what's closed

WASHINGTON (AP) — The Veterans Day holiday began more than a century ago, albeit under a different name, as a celebration of the end of World War I. Over time its name and purpose evolved into a day of recognition for of as well as those currently serving in uniform.

Schwab: Half Of US Investors May Ditch Other Assets For ETFs — 4 Funds To Watch

Nearly half of ETF investors could go all-ETF within five years, Schwab says. Here's how they're building portfolios with funds like ITOT, BND, and XLK.

Why Is a $116B Mining Giant Backing a $10M Firm? - Ad

Rio Tinto rarely makes early-stage bets. Yet one small N. American firm earned its trust with projects in lithium, uranium, and titanium - all vital to U.S. defense and energy independence.

Dominican Republic authorizes more flights for tourists rerouted by Hurricane Melissa

SANTO DOMINGO, Dominican Republic (AP) — The Dominican Republic has authorized the arrival of 800 new flights to accommodate a surge in tourists who were originally planning to vacation in Jamaica and other nearby islands but were rerouted following the devastation of .

Wendy's to close hundreds of US stores in bid to halt falling profit

Wendy’s plans to close hundreds U.S. restaurants over the next few months in an effort to boost its profit.

Legally "Skim" $6,361 Into Your Account? - Ad

A former hedge fund manager is now sharing his "Skim Codes" with regular people. They're not stocks. They're not crypto. They're 18-character codes designed to profit from recent market conditions. All you have to do is punch them into an ordinary brokerage account. 84% of these codes have given people the chance to generate cash payouts so far... and his next code is going out any day now.

Zohran Mamdani Says No More Thanking Veterans Today, Forgetting Tomorrow — Trump, Obama And Others Express Gratitude For Service

America's top political and tech leaders — including Donald Trump, Barack Obama, Tim Cook, and Sundar Pichai — marked Veterans Day 2025 with tributes honoring the courage and sacrifice of U.S. service members.

JPMorgan Forecasts Bitcoin Bottom, Anticipates $28.3 Trillion Challenge To Gold By 2026

Analysts at JPMorgan have pinpointed the lowest point of the ongoing Bitcoin (CRYPTO: BTC) price fall and also projected a substantial chall

BLACK FRIDAY STOCK ALERT: Futurist Eric Fry Declares This Year's "Season of Surge" - and the Timing Couldn't Be More Perfect. - Ad

These little-known stocks are poised to overtake the three reigning tech darlings in a move that could completely reorder the top dogs of the stock market. And for Black Friday, Eric Fry is giving away the names, tickers, and full analysis in a first-ever free broadcast.

TSLA, PLTR, IREN And More: 5 Stocks That Dominated Investor Buzz This Week

Retail investors talked up five hot stocks this week (Nov. 3–7) on X and Reddit's r/WallStreetBets: TSLA, PLTR, MSTR, AMD, IREN.

Cathie Wood Bets Big On These Stocks As Bitcoin, Ethereum Crash —Dumps Instagram Rival

On Tuesday, Cathie Wood-led Ark Invest made significant trades, notably increasing its holdings in Bullish (NYSE:BLSH), Coinbase Glo

Is Nvidia About to Spark Another 150X Opportunity This Black Friday? - Ad

Nvidia once handed investors the chance to make 150X on its breakthrough AI chips. Now, legendary investor Louis Navellier says a new invention-perfectly timed for Black Friday-could be even bigger.

Rivian Automotive CEO Gets An Elon Musk-Style Pay Raise

Rivian CEO's new pay plan could be worth up to $4.6 billion over the next ten years.

'No hire' job market leaves unemployed in limbo as threats to economy multiply

WASHINGTON (AP) — When Carly Kaprive left a job in Kansas City and moved to Chicago a year ago, she figured it would take three to six months to find a new position. After all, the 32-year old project manager had never been unemployed for longer than three months.

BLACK FRIDAY STOCK ALERT: Futurist Eric Fry Says It Will Be a "Season of Surge" for These Three Stocks - Ad

These little-known stocks are poised to overtake the three reigning tech darlings in a move that could completely reorder the top dogs of the stock market. And for Black Friday, Eric Fry is giving away the names, tickers, and full analysis in a first-ever free broadcast.

Peloton Stock Rallies After Q1 Earnings: Here's Why

Peloton stock climbs after the company released its first-quarter earnings report after Thursday's closing bell.

Global Demand for Defense Metals Is Surging 7X - Ad

Lithium, uranium and titanium are at the center of a global race. Nations are scrambling to secure them for fighter jets, EVs, and reactors. One N. American project could help fill the West's critical-minerals gap.

Serbia passes a special bill enabling Trump's son-in-law to build luxury complex despite opposition

BELGRADE, Serbia (AP) — Serbian lawmakers on Friday passed a special law clearing the way for a proposed real estate project that would be financed by an investment company linked to Donald Trump’s son-in-law despite and legal hurdles.

Why TAL Education, Shake Shack And DexCom Just Appeared On Value Investors' Radars

A trio of stocks made an impressive leap in their Benzinga Edge value scores this week, with one standout making a 138% jump.

Weiss Gold Veteran Makes Shocking New Call - Ad

Weiss expert Sean Brodrick went out on a limb last year and declared a historic event would send the yellow metal to $3,150. People laughed at him at the time, but he was off by just two days. Now, Sean has a shocking new prediction for gold ... and reveals a little-known way to get ahead of this bull market.

Iran confirms seizure of oil tanker in the Strait of Hormuz

TEHRAN, Iran (AP) — Iran on Saturday confirmed as it traveled through the narrow Strait of Hormuz over violations including carrying an illegal consignment, state media reported.

Black Friday Alert: Huge Tesla Shift Ahead? - Ad

Tesla could be on the verge of its biggest change ever. Insiders are warning of a coming "critical inflection point" that could have ripple effects across the entire stock market. Do NOT buy or sell Tesla stock during Black Friday week until you see this.

Nvidia, Dell, Coinbase, Gorilla Technology And Archer Aviation: Why These 5 Stocks Are On Investors' Radars Today

U.S. stocks closed lower on Monday, with the Dow slipping 1.2% to 46,590.24, the S&P 500 easing 0.92% to 6,672.41, and the Nasdaq dipping 0.84% to 22,708.07. These are the top stocks that gained the attention of retail traders and investors through the day:

MP Materials Stock Rebounds After Losses Following Mixed Q3 Results

MP Materials Corp (NYSE:MP) shares are trading higher on Friday after initially trading lower following the company's mixed third-quarter financial results.

Trump Signs Law to Launch Dollar 2.0 - Ad

Trump just signed law S.1582, unleashing the biggest money shift in 100+ years. For the first time since 1913, private firms - not the Fed - can mint a "Dollar 2.0." Treasury says it could drain $6.6T from banks and pay 10X current savings rates. Early investors in minting firms could see 40X returns by 2032.

Trump Barred From Deploying Oregon National Guard To Portland, Judge Cites State Sovereignty

A federal judge handed down a decisive ruling on Friday, blocking Trump's attempt to send Oregon's National Guard to Portland.

Elon Says Tesla's Next Move Could "Affect the Future of the World" - Ad

Get ready for what could be the biggest corporate pivot in U.S. history. Tesla insiders are preparing for a dramatic new launch (not driverless cars) but something far bigger. You're almost out of time to prepare.

First Trust Launches Critical Metals ETF As Demand For Clean Energy, EV Materials Heats Up

First Trust Advisors debuts its 300th ETF, giving investors exposure to companies powering the clean energy and tech revolution through essential metals.

Former colleagues pay tributes to pilots killed in UPS cargo plane crash in Kentucky

LOUISVILLE, Ky. (AP) — Former colleagues are mourning three pilots killed in a in Louisville, Kentucky, as relatives of a man who was pulled from the wreckage confirm he’s among those who died.

Why Is a $116B Mining Giant Backing a $10M Firm? - Ad

Rio Tinto rarely makes early-stage bets. Yet one small N. American firm earned its trust with projects in lithium, uranium, and titanium - all vital to U.S. defense and energy independence.

Bernie Sanders Says Shutdown Fight Is About Trump Giving Trillion-Dollar Tax Breaks To 'Mr. Musk, Mr. Bezos' And Other Billionaires: 'Must Not Cave'

Sen. Bernie Sanders blamed President Donald Trump's billionaire-focused tax cuts for causing the record-breaking government shutdown, urging Democrats "not to cave" as the Senate moves toward a vote to reopen the government.

Asian shares advance as tech shares rebound from AI jitters

BANGKOK (AP) — Asian shares advanced on Monday, lifted by technology shares as they rebounded from last week’s jitters over the run up in stocks related to artificial intelligence.

Legally "Skim" $6,361 Into Your Account? - Ad

A former hedge fund manager is now sharing his "Skim Codes" with regular people. They're not stocks. They're not crypto. They're 18-character codes designed to profit from recent market conditions. All you have to do is punch them into an ordinary brokerage account. 84% of these codes have given people the chance to generate cash payouts so far... and his next code is going out any day now.

Trump's 50-Year Mortgage Plan, Sanders Critiques Musk, Trump Backs Crypto And More: This Week In Politics

Weekend headlines: Trump's 50-year mortgage plan, Sanders criticizes Musk, Trump backs crypto, Scaramucci on NYC mayor, Mamdani challenges Trump.

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