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TV operators seek silver bullet to fight online rivals

Traditional TV firms, while working with Netflix, debate whether to treat the streaming giant as a friend or foe

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While Time Warner is still a major industry force, the loss of viewers translates to lower advertising revenues, raising the prospect of a downward spiral.

San Francisco

THE empire has not yet figured out how to strike back.

The major legacy television companies are struggling to find the formula to stem the loss of customers to Internet rivals like Netflix, Amazon and others.

Time Warner - one of the mainstays of the industry