Worried about the futures of companies with huge television and cable businesses, like News Corporation (NYSE:NWS), Viacom, Inc. (NYSE:VIA), Time Warner Inc. (NYSE:TWX) and General Electric Company (NYSE:GE), as American consumers supposedly watch less TV?
Count the sheer number of television sets around the country these days and it will ease your worries. In barber shops, tanning salons, grocery stores, day cares, massage parlors and pizza joints -- Americans love their television viewing time. In fact, TVs now outnumber the quantity of actual humans inside U.S. households. There are 2.73 televisions and only 2.53 actual people in the average American home.
This stat flies in the face of research that says television networks are losing throngs of customers to ad-skipping TiVo and Internet browsing, among other things.
Is television viewing on the decline? The number of TVs would *seem* to indicate that TVs are being utilized now more than ever.
New TV technology is a big part of that story. Huge and heavy CRT televisions are now being replaced by LCD TVs at a fast rate, which opens up new areas where TVs can be placed. It's hard to have a 15" TV on the kitchen counter, but you can throw a 15" LCD TV there pretty easily these days without compromising space. Why not watch The Food Channel while cooking up a Paula Deen recipe in the food center of every home, the kitchen? Paula would call that faintsy.
With half of American homes having three televisions these days -- and only 19% having just one -- it's hard to imagine the television going away anytime soon. That would be some packed landfills in the next decade if predictions of "the death of TV" were to come true!
It's the content that will come across those screens that is likely to change, yes? HDTV, cable television, DBS satellite and possibly WiMAX-TV will all be battling for each viewer while still trying to get viewers to watch advertising that gadgets will make an afterthought. So, how many TVs do you have in your household?