Musings on the Future of Cable News

After reading Kelefa Sanneh‘s piece in The New Yorker that took an in-depth look at MSNBC, it got me thinking about what I wrote a few days about about the future of TV. In that post, I mostly talked about the idea of moving television programs to online streaming or mobile streaming. I didn’t, however, talk about the idea of unbundling TV packages and allowing people to choose which networks they wanted.

This is one of the the things that Sanneh briefly touches on in his article. In particular, he questions whether the unbundling of TV packages would hurt cable news programming. That is, would CNN, MSNBC, and FOX News keep their heads above water if they weren’t part of a bundle? For instance, Sanneh tells us that FOX News (the leading cable news network since 2002), gets about half as many viewers as the lowest-rated network news program. That’s significant. Would FOX News survive if it wasn’t bundled? Might it do better if it weren’t bundled?

Chances are that cable news — barring something unforeseen — would be in trouble if TV packages became unbundled.

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About a quarter of the way into the article, Sanneh has a quote from the President of MSNBC that I find rather startling. I’ll include the lead-in, so the quote makes sense [Emphasis mine]:

“I’m building for the future,” Griffin said, not long after the switch. He was sitting in his office, reviewing a series of promotional clips that highlighted Hayes and the network’s other stars. “You’ve got a young guy who’s incredibly smart, who’s got a following,” he said. “We’re making a bet that this is what our audience wants.” 

The startling part is the bit that I’ve bolded. I don’t understand that a company as big as MSNBC would be gambling in the way that Griffin claims to be. They’re making a bet that this is what the audience wants? They don’t have the resources to find out if that’s what their audience wants? Maybe Sanneh hasn’t included the whole quote, but this to me makes it sound like Griffin is being a bit cavalier with the most important time slot.

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FOX News consistently outperforms other cable news networks in an older demographic: 35-64. Take this past Monday’s cable news ratings, for example. FOX News outperformed all the other cable news networks in this demographic at every time slot. The closest any network came in this demographic was in the 9 o’clock hour when Hannity beat The Rachel Maddow Show by over 200,000 viewers. I don’t know how to put this delicately, so I’ll say it like this: what happens when this demographic “passes on?”

Yes, FOX News still outperforms the other networks in the coveted 25-54 age bracket, but their lead is substantially smaller. The largest lead FOX News has is during the 8 o’clock hour and that’s a little more than 250,000 viewers (over the next closest show). If I were Roger Ailes (or the guy who was likely to replace Roger Ailes), this is something I would be thinking considering, in addition to the prospect of unbundling TV packages.

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The last thing I wanted to talk about is this idea that those people who MSNBC is trying to reach may not like cable news or TV:

One explanation for MSNBC’s struggles is that the network is trying to do something nearly impossible: it is a cable news network for people who don’t like cable news, and may not even like television.

MSNBC, in its current format as I understand it, is still quite new. It’s only recently switched over to a more partisan-esque feel. I wonder if there’s still a bit of a lag before the viewers they’re trying to reach will show up. I also wonder if TV does start to move in a new direction (simultaneous online streaming), will this open up a new audience for MSNBC? I’m particularly interested in MSNBC because of this idea that the people who MSNBC is targeting are those people who wouldn’t normally watch cable news or TV. I wonder if these people had another avenue to watch these programs, would they?

 

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One response to “Musings on the Future of Cable News

  1. Pingback: Survey: Television still major source of news for Americans | 3rdeyeviZion

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