Thursday, February 26, 2009

Let The Market Decide

Today, CTV Inc. announced that it will not be renewing the licence of TV stations in Windsor and Wingham. The Globe and Mail story notes includes the following quote from Paul Sparkes, CTVglobe's executive vice-president of corporate affairs:

"The traditional economic model for Canadian television is broken"

The traditional economic model is not broken. It's dead. Instead of innovating and moving forward, old media wants to sit on their laurels and have the government 'save' their business model - or at least change it in a way that creates by force a new stream of revenue.

Interestingly, the consumer is completely ignored. Why does the CRTC exist?

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