The end result will be productions going dark and staying dark. As with newspapers, turn everything off, go home and stay home.

It is already happening in Hollywood. Massive bloodletting and unemployment as tens of thousands of jobs simply evaporate into the ether.

Even low budget/low manpower efforts like reality shows are getting axed left and right.

With the exception of CBS, network television is experiencing a gaping chest wound, with everything posting massive loses in viewership every year. CBS is the healthiest, but even their top shows are getting lighter by 25% a year. Nearly all their shows are some variation on the same thing. Cop show, fire show, md shows.

When was the last time anyone talked about a show on network television? Decades? I can't name a single show on any network, and I know I am not alone in that regard. I can only name a handful of shows on cable, but that's only because we talk about how bad they are.

The largest owner of broadcast stations is trying to dump 30% of its holdings, including its best performing stations. The problem? No takers. No one wants to buy a ship that is sinking.

Streaming is changing, too. Companies are no longer going to bankroll a million productions to see what sticks.