At a PICS board meeting last night, Maan Tolentino noted that local TV news covers the Internet only when something bad happens. I proposed that, aside from local TV's sensationalist penchant for pandering to technophobia, it's because local TV is threatened by the Internet.
Turns out they have reason to be afraid. According to 133 advertisers who control more than $20 billion in advertising, TV ad spending will soon decline in favor of online ads.
I've said it before, and I'll say it again: When enough people have enough bandwidth for HDTV-quality video on demand, ad-supported video streams could replace traditional TV entirely.
TV is dead. Long live YouTube and Google Video.
(Via Steve Rubel.)