I'm betting that they will stay at "denial and anger" -- right up to the day they have to give up their license because they no longer have enough viewers to attract any revenue.
They are so upset that they no longer control the press. Hahahahahaha. It's over fellas!! Get used to it.
But - something has changed and Old Media doesn't like it, and can't quite accept it. The politicians in Washington D.C. generally don't need them anymore. It's an old story of the businessman, the middleman, and the customer. For a long time, the businessman (the politicians) had to have the cooperation of the middleman (the OM) to get their message out to the customers (the people). But it was a rigged system, with the liberal middlemen cooperating with the Democrat politicians to slant the message to the people in favor of the Democrats. But now, the politicians are able to bypass the middleman and go directly to the people with their words and messages not slanted or skewed. We can see for ourselves what they wanted us to know and make our own judgements. Or, if something doesn't sound quite right, we can ask the questions of liberal politicians that liberal media punks don't dare ask. In spite of the sweeping changes in communications, Old Media thinks it is still needed, and thinks it is still somehow important. It isn't - and THAT is what they are having trouble coming to terms with.
Old Media is a buggy whip manufacturer surrounded by the blogosphere.