TV - Dont think - Obey Network

Mergers, acquisitions and other business deals between television networks and other companies sometimes require a network to sell off an O&O in order to stay under the ownership cap. In addition, networks may choose to sell off O&Os in smaller markets in order to concentrate on their stations in larger markets, or to give themselves leeway to purchase stations in other growing markets. The following are examples of transactions involving O&Os in the US:

The DuMont network found itself in financial trouble in 1954, and decided to sell off its O&O in Pittsburgh, WDTV, which was the only commercial VHF station in what was then the sixth largest television market in the United States. Westinghouse Electric Corporation bought the station for $6.75 million, and changed its call letters to KDKA-TV. (The station is now CBS's Pittsburgh O&O.)

However, even with income generated from the sale, DuMont was never able to recover from its problems, and the network shut down the next year. Its two other O&Os, WABD (now WNYW) in New York City and WTTG in Washington DC, became independent stations and remained so until 1986, when they became Fox O&Os at the network's inception.

For most of US television history, the Big Three dominated US television, controlling up to 99% of television broadcasting.[citation needed] During the 1950s and lasting until the early 1990s, every hit series appearing in the top 20 Nielsen Ratings was aired by one of the Big Three Networks.[citation needed] There were attempts by other companies to enter the television medium, but other than DuMont all lasted for brief periods. The prohibitive cost of starting a broadcast network, coupled with the difficulty of competing with the massive distribution of the Big Three Networks, led to the downfall of almost all new companies. A viable "fourth network" would not again become competitive with the Big Three until FOX was founded in 1986.

Today, the "Big Three" control only a (relatively) small portion of the market.[citation needed] With broadcast competitors such as FOX, The CW, and MyNetworkTV, satellite and cable companies, the Big Three's market share has dwindled considerably.

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[somethinsuavetheater]

@somethinsuavetheater Nevermind. I figured it out. lol

[DamascusSwoard]

what's the name of this guy??

does he have a show or something

he is amazing

[BeRsErKeR16]

love the speech!

[larocca3]

Peter Finch won a posthumous academy award for his role in "Network". It was well deserved.