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The end of TV.

Today CTV (a big Canadian TV station) announced that they will lose $100 million this year, and write down their assets by $1.7 billlion, 3/4 of their previously-listed value. They also announced "Since we now lose significant amounts of money in conventional television, it is clear that our company would be in a better financial position if we closed our conventional television operations.", though they aren't planning (yet) to do that.

We are witnessing the beginning of the end of TV (but we are witnessing it on the Web).