Mainstream Media Stock Prices Collapsing as People Choose Internet Over TV
Nick Bernabe | ANTIMEDIA |August 7, 2015
The long-term decline in viewership for America’s big TV outlets is finally starting to catch up to their stock prices. Since 2009, media stocks have been some of the best performers in S&P 500, but the last few days have seen $50 billion wiped from these companies.
According to Bloomberg, “Ignited by a plunge in Walt Disney Co., shares tracked by the 15-company S&P 500 Media Index have tumbled 8.2 percent in two days, the biggest slump for the group since 2008…In just five stocks — Disney, Time Warner Inc., Fox, CBS and Comcast Corp. — almost $50 billion of value was erased in two days. Viacom slid 14 percent on Thursday alone, its biggest drop since October 2008.”
Stock analysts say the reason behind the drop is simple on the surface: many of the media companies missed their profit projections, prompting investors to drop their stocks. Disney has lowered its growth projections for its sports brand, ESPN, while Viacom reported lower revenues than expected, which triggered a sell-off.
However, there is a larger trend at play here—one that the mainstream media—which is owned by these very companies facing the stock beat-down—doesn’t want to talk about. People are simply outgrowing the old media paradigm, and instead, are turning to the internet for both their news and entertainment at a break-neck pace. As we reported last month, Netflix will have more viewers than ABC, CBS, NBC, or Fox by 2016.
Viewership of television media is dropping — and it’s left the old media scrambling for answers. According to the Huffington Post,
“Though overall video viewing is up thanks to a plethora of new online services, fewer people are sitting down in front of a television set and a growing number of households — roughly 2.6 million, or 2.8 percent — are becoming ‘broadband only,’ forgoing cable and broadcast signals altogether. In the third quarter of 2014, the average viewer watched 141 hours of TV a month, down 6 hours from the same time last year, and a full 12 minutes less per day.
Digital, on the other hand, has shown strong growth over the past year across all age groups, with viewership up 53 percent among people 18-49, up 62 percent among people 25-54, and up 55 percent among those 55 and older since the third quarter of 2013.”
In the past, TV news outlets relied on a virtual monopoly between the big six companies that own 90% of the media to make their numbers. This left viewers with no choice but to consume media from one of these companies if they watched TV.
But now, as people have multiple sources and choices of news thanks to the internet and independent media, the monopoly is coming under pressure. Aging generations, which will probably never break their TV habits, are now the only reliable audiences for the likes of CNN, Fox News, NBC, CBS, and the rest of the mainstream media. Members of the internet age would rather have choices and read or watch news from sources they both trust and believe in. This is major problem for the old media, as poll after poll has shown eroding trust in the big six. According to Gallup polling numbers, Americans’ confidence in the media’s ability to report “the news fully, accurately, and fairly” reached an all-time low of 40% in 2014.
The reason for the falling ratings and trust in the media is not mentioned in the poll, but one could speculate that younger generations have become disillusioned by endless war mongering, partisanship, racial bias, politician and police worship, reality TV, and celebrity media frenzies that have become the trademarks of TV news. However, one thing is clear: television media will soon suffer the same fate as the near-extinct newspaper industry—barring some unexpected miracle—and that is a positive development for the well being of the political and social conversation in America. America’s new media is becoming more like America as a whole: diverse.
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New Book
The Garlic Book — 2026
Lies are Unbekoming | November 5, 2026
What The Garlic Book shows
The book is in four parts.
Part One, The Record, treats the history of garlic as evidence. From the clay garlic bulb placed in an Egyptian grave nearly six thousand years ago, through the Ebers Papyrus, through Hippocrates, Dioscorides, Pliny and Galen, the Arab physicians under Avicenna, the medieval herbals, Culpeper, and the plague years, to the last era in which Western physicians prescribed garlic as a matter of course, which ran from 1850 to 1945. It closes with the living traditions that never stopped using it, and with the folklore of charms, vampires and the evil eye.
Part Two, The Chemistry and the Evidence, sets out what is known about why a clove has no smell until it is cut, and why the order of crush, rest and heat changes the medicine. It then reads the clinical evidence against the historical record — bacteria, blood and vessels, cancer epidemiology, metals and fatigue — and names the trials that went against garlic as directly as the trials that went for it, including the 2007 Stanford trial funded by the US National Institutes of Health which found that raw garlic, garlic powder and aged garlic extract moved LDL cholesterol no more than placebo did. It then turns to onion, garlic’s closest relative, and reads the newer evidence published since 2015, before closing with the whole of the record through the terrain lens.
Part Three, Why Medicine Set It Aside, asks the question directly. One chapter contrasts the pharmaceutical model of isolating a single active compound with the folk model of combining whole plants, and reports what the garlic evidence says about which model works better. One chapter examines the economics of research on a plant that cannot be patented. One chapter — Fire Cider — tells the story of a folk preparation whose name was taken into a United States trademark by a Massachusetts company in 2012, and won back by three herbalists in 2014 who documented forty years of prior use through Rosemary Gladstar and her students into the older tradition.
Part Four, Garlic in Practice, is the working manual — the kitchen pharmacy, traditional uses by body system, a full chapter on safety and interactions, and a complaint-by-complaint practical guide. The book closes with The Trial That Was Never Run — a one-chapter reading of the whole evidential architecture.
At the back: two appendices (a traditional list of uses, and a preparation quick-reference), a full bibliography, and a live index.
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