
Key reach metrics for the largest broadcast networks are now well below 50%, says MoffettNathanson Research -- down from their levels of 70% to 75% ten years ago -- with cable TV
networks now under 30%.
ABC, CBS, and NBC broadcast networks are estimated at a projected reach for persons 18 years and up of 46%, 41%, and 41% respectively, as of the second quarter
of 2024, while Fox comes in at 34%.
In second-quarter 2014, these four networks registered 78%, 74%, 76%, and 70% for reach, respectively.
“Linear TV reach --
the very heart of the networks’ go-to-market advantage -- has fallen dramatically over this timeframe,” says MoffettNathanson Research.
The strongest-performing cable TV
network is ESPN at 28% -- down from 44%.
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Some of the biggest cable TV entertainment-focused channels -- TNT, TBS, and USA Network and FX -- have witnessed sharper declines than
sports-focused network ESPN: now at 27%, 22%, 17%, and 14% respectively. Ten years ago, TNT was at 54%, followed by TBS at 52%, USA at 46% and FX at 48%.
TV news networks such
as CNN and Fox News Channel are at 13% reach -- down from 27% and 20%, respectively.
This comes in tandem with major TV viewing declines -- especially for non-sports, linear TV
entertainment of those under 50 years of age.
Time viewed by viewers 18-49 has dropped 70% since 2015, with time viewed for persons ages 2-17 sinking 86%.
On the flip side,
trends for viewers age 50 and up continue to be modest by comparison -- down 14%. Combining all persons two years and older shows a 45% decline in viewing over a nine-year period
Cord-cutting, coupled with a massive shift in viewing to streaming and digital platforms -- continues to eat into linear TV viewer consumption.