[MatthewPhillips]

The more availability of internet-based programming, the more people will use it. The more people use it, the more strain is put on bandwidth, which in many areas is already strained. I think we're in for a rude awakening here; the TV industry is warming up to internet distribution faster than the broadband industry is advancing its tech. People run back to cable when Netflix buffers every 5 minutes.

[koralatov]

I agree completely, but broadcasting their programming via the internet isn't a paradigm shift for anything except set viewing schedules. Whether I'm watching The Walking Dead over the air at a set time, or watching it over the internet whenever I feel like it, I'm still watching it, and the TV industry as we know it still needs to exist in a relatively similar form to produce it. The only real change is that they broadcast from a server instead of via a transmitter, and they can't guarantee to advertisers that I'll be sitting down at a certain hour to watch it, which may dilute their advert's effectiveness somewhat.