And our chief washington correspondent peter cook tells us how john boehner is pushing back against the call to shut down the u. S. Government. We get to those stories in a moment. First, to our top story. Learned thews has European Central Bank Governing Council will consider proposals next month for broadbased asset programs that would include sovereign debt, according to two euro area centralbank officials familiar with the deliberations. This comes as ecb president mario draghi unveiled what he called substantially lower forecast for inflation and growth. Latest microeconomic projections indicate lower inflation accompanied by weaker real gdp growth and subdued monetary economics. Ecb holds its next Monetary Policy meeting on january 22. Russian president Vladimir Putin took aim at the u. S. And the European Union today in his annual state of the nation address. He said both wouldve imposed economic sanctions on russia, no matter what happened in ukraine. He says their goal is to h
Cbs and hbo announced they would begin internet streaming services, this bypassing traditional media cable, et cetera. Thats our topic this week on the communicators. How people get tv, whats the future of tv, and joining us are two analysts, leading analysts, craig moffet and Michael Nathanson, and theyre partnered in the Moffetnathanson Research firm. Mr. Moffet, what is the impact, whats your initial reaction to what cbs, hbo, have announced, and then add on to that netflix and apple, et cetera, and all these other different services. Whats the impact on the Overall Television industry . Guest well, those are two separate categories, really. The new one, hbo and cbs, my guess is the impact will be, actually somewhat limited. On the other hand, the impact of some of the ones already here, like netflix, has already been very profound, and i think what were seeing here is a real change in the viewing habits of millenials. Theyre simply watching tv in a very different way than my genera
And then the north korean government dont tell [inaudible] the second cause, the poor environmental about media industry, as some have already said, too much competition between Media Companies and between people exist. And too little too much space on newspaper and too much time on tv news. So we have to write reports, whatever, everyday, every night. So sometimes well have enough time to verify the facts and check. Its reality. And i think some reporters have the first belief that North Koreans do not argue about their article. And then the last code i have, ideological [inaudible] i want to bring [inaudible] you know, everybody have their own view of north korea. So do the journalists. Some are conservatives and some are [inaudible] so usually the conservatives want to blame north korea, right . And the progressives want to verify. So when conservative journalists meet, conservative also received conservative pundit, or and vice versa. Progressive meet progresses. I think it is like
They are partners in the Moffett Nathanson research firm. Mr. Moffett, lets begin with you. Whats the impact, whats your initial reaction to what cbs, hbo have announced and then add onto that netflix and apple, etc. , and all these different services. Whats the impact on the Overall Television industry . Guest well, those are two separate categories really. The new ones, hbo and cbs, my guess is the impact will be actually somewhat limited. On the other hand, the impact of some of the ones that are already here like netflix has already been very profound. And i think what were seeing here is a real change in the viewing habits of millennials, that theyre simply watching tv in a very different way than my generation watched tv, and youre starting to see all the Media Companies embrace that and recognize that they cant sort of circle the wagons and just try to protect the existing ecosystem anymore, they have to actually reach out to that set of consumers. The advertisers want to reach
We think over the long term it has served and its in the business judgment of the league that has served it, but as that shows, clubs take extraordinary examples to avoid them. Im going to continue this conversation with you and the other witnesses but now turn to senator klobuchar. Thank you. Thank you very mu. Thank you to all of the witnesses. I thought id start with you, mr. Waldron. The blackout rule was put in place in 1961, is that right . The Sports Broadcasting act was adopted in 1961. The fccs rule was put in place in 1975. Most of the money made by sports tickets came from ticket sales, but today nfl games are consistently among the most Popular Television programs, certainly in my state where were proud of the vikings and with that comes a significant increase in revenue. Cost of tickets has significantly increased. Its a big expense. Do sports teams need blackout rules the same way they did half a century ago . If not, why do we have the same rule . No question that those