Great Media Shakeup Brewing as TV Viewing Changes

Bloomberg: Something’s brewing in TV land, and that could be very good news for frustrated investors. Apprehensiveness about changing viewing habits has been dragging down shares of the big six providers of entertainment content. In the past 12 months, they’ve lost more than $60 billion of value. And it’s no surprise that the worst performer among them has been Viacom, the owner of MTV, Comedy Central and Nickelodeon whose networks have failed to retain the popularity they once had.