Here's an exercise. Take a piece of paper and a subwatch. Time every segment on the old-timey "news" and list the subject. Then, count the number of segments that are really "news," that is, something they could have brodcast any day and it wouldn't have made a difference, and add up the time for those segments. If you get 10 minutes a day, I'd be surprised. What passes as "national news" on the dying outlets is nothing but cheap content for some high priced advertising.
Again, even CNN provides much more information on a much more timely basis.
"What passes as "national news" on the dying outlets is nothing but cheap content for some high priced advertising."
Agree with much here. However, the number of people watching the Evening News still dwarfs the Cable News and with it draws away the revenues needed to fund an international news gathering capability it would seem.
EVENING NEWS (Week of February 7, 2005)
Total Viewers Adults 25-54
ABC 10,150,000 2.8/10
NBC 10,210,000 2.7/10
CBS 7,520,000 2.1/7
Source: http://allyourtv.com/latestratings/index.php?cat=4