A story entitled “Sorry, There’s No Way to Save the TV Business” has been posted by Henry Blodget at his blog, businessinsider.com. Blodget was one of the leading analysts on Wall St. during the Internet boom who was later barred from the securities industry.

Here’s the problem TV is facing, according to Blodget: ”As with print-based media, Internet-based distribution generates only a tiny fraction of the revenue and profit that today’s incumbent cable, broadcast, and satellite distribution models do. As Internet-based distribution gains steam, therefore, most TV industry incumbents will no longer be able to support their existing cost structures.”

—Chuck Ross