The Number
$30 Billion
That’s the amount money that media companies — mainly the entertainment giants — take in annually from cable and satellite carriers, according to SNL Kagan, according to the Journal. That’s a huge revenue stream and an increasingly important one as advertising remains sluggish and uncertain. It’s also a revenue stream largely not enjoyed by creators of news, other than CNN, Fox News and MSNBC. As the much-ballyhooed “fight for livingroom” plays out, can national news companies like the New York Times, Wall Street Journal and NPR, or local news companies, get a piece of the pie, whoever (Apple, Google, Comcast, Time Warner, Dish) slices it up?
