In 2016 the top 10 most popular non-news/sports cable networks (USA, TBS, HGTV, TNT, Discovery, History, AMC, FX, Food, Hallmark) averaged 14M combined total viewers. Last year (2023) those same networks averaged just a combined 7M viewers. I don't think the 50% audience loss is all due to people moving over to watch similar content on streaming services. People have replaced traditional cable TV style entertainment shows with TikTok, YouTube, IG Reels, and other creator economy video offering lifestyle, comedy, and storytelling entertainment. In the past when viewing fragmented from broadcast to cable networks, traditional Hollywood was able to diversify into owning and suppling cable networks. They're trying to do same with streaming fragmentation. But from Maker Studios to Quibi they've failed in attempts to play in the creator economy. They're not going to get audiences back by raising streaming prices and cutting back on content. They are forever lost to the Ryan's Worlds and Mr. Beasts.
Bilingual Journalist | News Writer @ Univision Local Media Chicago
3moSo proud to be part of this team 🙌🏻