I think that misses the point a little. Live events will always be a thing, and we're seeing a huge push for that on Facebook, Twitter, YouTube, etc. But many of these events are not available on those platforms yet, and that's the problem.
TV networks hold onto these events as a reason for people to buy a cable subscription, but I would rather watch it on the Internet, and I'd happily pay a fee for it. That's the missing piece that hasn't been figured out yet.
If "presidential addresses" are what's supposed to keep a medium afloat, it's doomed already.
Millenials don't even watch as much sports as older generations anymore...
This audience is growing rapidly and is already quite large too.
Things have improved dramatically since then of course but delivering live video to billions of users simultaneously?
>"Traditional (linear) TV audiences are declining at a significant rate, and they are practically aged out of key demographics. Cable customers are also declining."
Note its qualifying the statement with the word "linear."
tl;dr of all of them is essentially: TV, as a non-time-shifted non-live broadcast medium, is dead: Netflix et al, Youtube, Torrent, and at the very least, DVRs, killed it; people watch non-live content how they want, when they want, frequently choosing to just "Netflix binge" it.
TV, as a live broadcast medium (eg, emergency news), will never die in that sense: I can watch Presidential addresses via the White House's Youtube channel via Youtube's Live feature as well as many local OTA broadcast channels.
TV is both dead and will live forever depending on what you call TV.