Charter Spectrum plans to report local TV news, 24 hours a day, in Los Angeles

Charter Spectrum is launching a 24/7 news network for its pay-TV customers similar to NY1 in New York.

Charter plans to hire 125 employees to staff the network.

Say what? They plan to fill 24 hours with local news that is not dominated by car chases…

TV homes in Los Angeles:
1) Charter Spectrum — 1.5M (27%)
2) Other — 4.0M (73%)

Flashback #1:Pew Research Center: Local TV News Fact Sheet

Station Revenue by year (TV only):
1) 2010 — $19.4B
2) 2011 — $17.9B
3) 2012 — $20.3B
4) 2013 — $18.4B
5) 2014 — $20.0B
6) 2015 — $18.5B
7) 2016 — $20.6B
8) 2017 — $19.8B*
9) 2018 — $21.1B*

Air time dedicated to news continues to grow (hours per day):
1) 2003–3.7
2) 2008–4.6
3) 2013–5.3
4) 2016–5.7 (↑ 54% since 2003)

Flashback #2:Cable News Wars: Inside the Unprecedented Battle for Viewers in Trump Era

Viewership growth for CNN/FNC/MSNBC in 2016:
1) Primetime — ↑ 55%
2) Daytime — ↑ 36%

Fox News gets 2X the affiliate fees compared to CNN/MSNBC.

The post Charter Spectrum plans to report local TV news, 24 hours a day, in Los Angeles appeared first on Cross Screen Media.