1 00:00:00,200 --> 00:00:02,280 Speaker 1: It feels like it's been coming forever, and in an 2 00:00:02,279 --> 00:00:04,200 Speaker 1: odd way, it might just have been. When the news 3 00:00:04,200 --> 00:00:06,920 Speaker 1: division of Warners turns out the lights tonight, it's the end, 4 00:00:06,960 --> 00:00:10,360 Speaker 1: of course of an era, or indeed an error. The 5 00:00:10,400 --> 00:00:12,799 Speaker 1: simple truth is TV three News never quite cut it, 6 00:00:13,080 --> 00:00:15,440 Speaker 1: and the history of fiscal dysfunction is a major reason. 7 00:00:15,600 --> 00:00:17,639 Speaker 1: Some of it was of their own doing. Some of 8 00:00:17,680 --> 00:00:20,080 Speaker 1: it was the unluckiness of who owns you, why they 9 00:00:20,120 --> 00:00:22,560 Speaker 1: own you, and whether they're just as invested as they 10 00:00:22,600 --> 00:00:25,279 Speaker 1: might have been in a different set of circumstances. TV 11 00:00:25,400 --> 00:00:28,120 Speaker 1: three never really got off the ground properly. They did 12 00:00:28,160 --> 00:00:30,440 Speaker 1: a lot of good things, brought genuine competition to the market, 13 00:00:30,520 --> 00:00:33,360 Speaker 1: of course, shook up the presentation and reportage of news 14 00:00:33,360 --> 00:00:36,120 Speaker 1: of it, discovered some very good personality based talent, but 15 00:00:36,200 --> 00:00:38,560 Speaker 1: at no time did they do what they really needed 16 00:00:38,600 --> 00:00:41,960 Speaker 1: to be done right. They never toppled the main player 17 00:00:42,040 --> 00:00:45,120 Speaker 1: TB one. They made a dent or two when they 18 00:00:45,120 --> 00:00:47,839 Speaker 1: focused on specific demographics. They made some big dent, but 19 00:00:48,320 --> 00:00:50,360 Speaker 1: never quite crossed the line in terms of the zeitgeist. 20 00:00:50,400 --> 00:00:53,239 Speaker 1: They never changed the landscape to the point where they 21 00:00:53,240 --> 00:00:54,960 Speaker 1: were the champions of the Kings of the Hill. They 22 00:00:54,960 --> 00:00:58,360 Speaker 1: always remained the plucky little competitive even years after that 23 00:00:58,400 --> 00:01:01,160 Speaker 1: Moniker became absurd given the bi around the place for decades. 24 00:01:01,400 --> 00:01:03,120 Speaker 1: You can only run on the new Kidd and town 25 00:01:03,200 --> 00:01:05,640 Speaker 1: line for so long. It's a credit, of course to 26 00:01:05,680 --> 00:01:07,200 Speaker 1: TB and Z who held them off, not that they 27 00:01:07,240 --> 00:01:09,680 Speaker 1: will be celebrating the same way as IT'DB didn't celebrate 28 00:01:09,720 --> 00:01:12,160 Speaker 1: when we saw off a series of radio stations set 29 00:01:12,240 --> 00:01:15,080 Speaker 1: up and designed to take us down or out. Competition 30 00:01:15,560 --> 00:01:18,440 Speaker 1: is a good thing, and as of tonight, although stuff 31 00:01:18,480 --> 00:01:20,720 Speaker 1: will to a degree be taking over, it won't be 32 00:01:20,760 --> 00:01:22,679 Speaker 1: the same. It doesn't have the resource or the level 33 00:01:22,680 --> 00:01:26,000 Speaker 1: of televisual expertise. We wish them well. Of course, the 34 00:01:26,080 --> 00:01:29,640 Speaker 1: landscape in terms of terrestrial television is shocking, so all 35 00:01:29,680 --> 00:01:32,399 Speaker 1: are more than welcome to keep the dream alive. But 36 00:01:32,560 --> 00:01:35,520 Speaker 1: media is a brutal business that became even more brutal 37 00:01:35,520 --> 00:01:38,160 Speaker 1: with the Internet and streaming and the world shrinking. You 38 00:01:38,280 --> 00:01:41,360 Speaker 1: either get an audience and monetize it or you don't. 39 00:01:41,760 --> 00:01:45,720 Speaker 1: It's sad, but emotion never paid the bills for more 40 00:01:45,760 --> 00:01:48,880 Speaker 1: from the mic asking Breakfast, listen live to news talks 41 00:01:48,880 --> 00:01:52,080 Speaker 1: it'd be from six am weekdays, or follow the podcast 42 00:01:52,120 --> 00:01:53,320 Speaker 1: on iHeartRadio,