Long on the wane, their profits have been battered since the recession began in late 2007. To add insult to injury, ow some industry heavyweights are imagining a future without them. In December, CBS Corp.’s chief executive Leslie Moonves said that moving the CBS network to cable would be “a very interesting proposition.” WSJ article is an excellent overview of the television business over the past few decades. The Wall Street Journal Feb. 10, 2009 Paid subscription may be required.
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