San Francisco
IS IT time for big television to start worrying about digital?
For years, the threats to traditional television have been present, but the digital revolution now appears to be gathering momentum, raising the prospect of shifts in viewing habits which could devastate an industry that has been lucrative for years.
The decades-old model for the industry has been built around cable and satellite TV offering high-priced "bundles" to consumers, and sharing revenue with the operators of cable and broadcast channels.
But viewers today have increasing choices through the Internet. They can subscribe to Netflix, Hulu or Amazon video, pick and choose subscriptions to individual channels such as...