Traditional networks deathly afraid of Web-based pay TV

Technological upheaval is nothing new for TV programmers. It began with stringing cables in the 1960s to improve reception, evolving into hundreds of channels of paid programming. In the 1990s, DirecTV and Dish Network Corp. began beaming TV from satellites to homes equipped with small dishes. A decade ago, phone companies laying fibre-optic lines crowded in. Today 101 million U.S. households pay for TV. In addition to monthly fees, the TV industry collects $59 billion a year in ad sales, with most going to network owners such as Walt Disney Co., parent of ESPN and ABC, CBS Corp., Comcast Corp.’s NBCUniversal, 21st Century Fox Inc. and Time Warner Inc. - Alex Sherman, Ian King and Andy Fixmer, Bloomberg News

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