He states: Distributing across multiple channels in real-time—and cannibalizing existing lines of business—isn’t just the right thing to do. History will reflect that this is the only thing to do. Here’s the key fact for media companies to remember: The value of a customer who doesn’t watch a TV show or a movie is $0.Read the entire article here
From the New York Times:At a time when the broadcast networks are struggling with diminishing audiences and profits in news, he has built Fox News into the profit engine of the News Corporation. Fox News is believed to make more money than CNN, MSNBC and the evening newscasts of NBC, ABC and CBS combined. The division is on track to achieve $700 million in operating profit this year, according to analyst estimates that Mr. Ailes does not dispute.
That article is here