TV still top source of news, but internet gaining

There is a divide along age lines in terms of how people get their news. TV is still in the lead, but that may not last for long.

A Wall Street Journal story looks at the Pew Research Center's biannual survey on news-consumption habits. Pew's most important conclusion of the survey is that it "found that 46% of those polled have a "heavy reliance" on TV for news at all times of the day."

But the median age of the TV loving crowd was 52-years-old. Another group, with a median age of 35, relies primarily on the internet as its news source.

Just as newspapers have faltered as major providers of information, it looks like TV may be seeing its best days. The next generation of people who are moving into their forties and fifties are unlike to migrate to the Tube just because they are aging. Their "internet heavy" habits are likely to stay with them for the balance of their lives.

Over the next decade, major TV network and TV station stocks are likely to be damaged by the trend.

Sell CBS (NYSE: CBS) and buy Google (NYSE: GOOG). Google News taps 4,500 sources and that is going to grow.

Douglas A. McIntyre is an editor is an editor at 247wallst.com.