Brings up some great points and anecdotal. Still, cable news is turning a profit. So, grain of salt and all that:
These days to be an anchor on on one of the three news networks gives you the audience of a rock star. More and more the field becomes less about breaking news and more about personality and opinion — and that’s the beginning of their end. While various tech pundits write sermons about the demise of newspapers due to the net, the real story that everyone is missing is that cable news networks are slowing having nothing to do with actual news.
http://www.fanboy.com/2009/04/cable-news-dead.html
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