
And MTV is not alone. The traditional cable television business that gave rise to CNN, USA Network, ESPN, Nickelodeon, TNT, Discovery Channel and A&E Network is in steady decline. Some would call it a “state of decay,” made worse by a woeful lack of investment. Although cable’s been waning for years, industry veterans are still stunned to see long-established brands evaporating against the competitive challenge posed by streaming platforms. In recent years...
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