The Surprising Endurance of the Boob Tube

In his new book, Television Is the New Television: The Unexpected Triumph of Old Media in the Digital Age (Portfolio/Penguin, 2015), Wolff asks a simple question: Who actually makes money in the media business? In his view, the answer is easy. Companies that produce content for television, regardless of how rapidly change occurs in how it is distributed, continue to make money — lots of money. This is true even as virtually every online media company struggles to earn a profit, on still-meager revenues.

Source: The Surprising Endurance of the Boob Tube

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