A look back at the headlines from five years ago proves the old saw about television being a cyclical business. And history can provide insight into the future. So leading up to TelevisionWeek’s commemorative silver-anniversary issue on May 21, we’re reviewing the biggest headlines from 2002.
A cable news upstart became a force to be reckoned with.
Fox News Chases CNN Out of No. 1 Spot
Feb. 5: Fox News Channel zipped past CNN in January to reign for the first time as the most-watched cable news channel for total day and prime time, despite being available in 9 million fewer homes than CNN.
Major media companies sought to gain from the growth of Spanish-language media.
NBC’s Telemundo Buy OK’d by FCC
April 15: NBC took ownership of Telemundo Communications Group Friday, three days after the Federal Communications Commission approved the network’s $2.7 billion acquisition of Telemundo’s 11 television stations and gave NBC up to a year to run three TV stations in Los Angeles.
Scandal and difficult business conditions spelled doom for a cable pioneer.
Chapter 11 Looms for Adelphia
June 17: A bankruptcy filing by Adelphia Communications that could come as early as Monday would not only begin to bring much-needed clarity to the company’s scandal-racked situation but also help begin restoring investor confidence in other battered cable stocks.
The move to digital TV took another stride forward.
FCC Orders Digital Tuners in TVs by ’07
Aug. 12: The Federal Communications Commission decided last week that broadcasters should not be the only ones to have to shoulder the burden of the transition to digital, but that it should be shared by TV set makers.