Add fuel to fire when it comes to the millennial menaces that are upending the TV industry — and dragging down broadcast TV company stock prices, as a result.
A presentation devoted to “cord-cutting” was delivered to the Wall Street investment community on Thursday as part of the Goldman Sachs Communacopia conference, with Mike Vorhaus, Los Angeles-based President of Magid Advisors, sharing some data about the rising embrace of SVOD services. The data are sobering reminders for broadcast TV’s C-Suite that local news and original programming may be its final saving grace.
