The Beginning of the End of the TV Industrial Complex?

“After years of insisting otherwise, investors seem to have decided that the pay TV business is in decline. Last week, triggered by an admission of weakness from Disney and ESPN, Wall Street pounded all of the big media companies, wiping out more than $50 billion in value…. ” (go to link)
 
Link:  recode.net/2015/08/10/the-beginning-of-the-end-of-the-tv-industrial-complex/