Skip to content
CityAM
Main navigation
  • News
    • News
      • Latest Business News
      • Economics
      • Politics
      • Tech
      • Banking
      • FTSE 100 Live
      • Retail
      • Insurance
      • Legal
      • Property
      • Transport
      • Markets
    • From our partners
      • AON
      • Bayes Business School
      • Canada BIDs
      • Central London Alliance CIC
      • Destination City
      • Halkin
      • Olympia
      • Inside Saudi
      • Tottenham Hotspur Stadium
      • Santander X
      • YEAR SIX Dividend
    • Featured

      SpaceX snaps up AI coding darling Cursor as valuation soars past Amazon

      Elon Musk speaking at a tech conference, wearing a suit, with a futuristic backdrop highlighting space exploration themes

      Submit a story

      Tell us your story.

      Submit
  • Opinion
  • Sport
    • Latest Sports News
      • Sport
      • Sport Business
    • From our partners
      • The Morning Briefing: SBS x CityAM
      • Aramco Team Series
      • LIV Golf
    • Featured

      Brits urged to back UK pubs during World Cup amid booking surge

      Getty Images logo on a smartphone screen against a blurred background, representing media and stock photo industry branding.

      Submit a story

      Tell us your story.

      Submit
  • Life&Style
    • Life&Style
      • Life&Style
      • Toast the City Awards
      • The Magazine
      • Travel
      • Culture
      • Motoring
      • Wellness
      • The RED BULLETiN
      • Do it with Shared Ownership
      • Media Speak Hub
    • Featured

      Old Pulteney releases 50-year-old whisky for 200th anniversary

      Old Pulteney 50-Year-Old single malt Scotch whisky bottle with elegant packaging on display, highlighting luxury and craft...

      Submit a story

      Tell us your story.

      Submit
  • Investec
  • Events
  • Latest Paper
Friday 25 July 2008 3:26 pm  |  Updated:  Wednesday 10 November 2021 3:36 pm

How the big channels are defying the odds to prosper

By: CityAM Reporter

Add as a preferred source on Google

Anyone who wants to understand something fundamental about the media just has to hold a single number in their head – 38,000.


It’s a decent size for most football crowds or those willing to watch a Wagner opera the whole way through.

But it doesn’t exactly pass muster as the ratings for a top US cop show available on satellite television and one that has been praised to the rafters by previewers and critics.

Going to the wire

You could argue that all the attention heaped on the first episode of the fifth series of The Wire may have put some people off. The story of crime and corruption in Baltimore may have appeared too dark and maybe even a bit too cerebral for some.

The fact that The Wire was beaten on its own FX channel by the more conventional NCIS (Naval Criminal Investigative Service) suggested an element of that.

But 38,000 is such an impossibly low number for what, by all accounts is a quality show.

Some larger and far more obvious truths must be at work here.

They are: that all channels are not equal in the digital age and that with very few exceptions niche channels are always doomed to get niche audiences. And while fragmentation across many channels will inevitably eat into the audiences of the five main channels it has happened to a surprisingly limited extent. The fragmentation has also resulted in niche channels cannibalising each other

Read more

KBRA Releases Research – European Data Centre Event—KBRA Event Recap

The digital channels set up by the established broadcasters have tended to flourish in the multi-channel world partly because they have more custom built content but mainly because of the power of cross-promotion on the main channels.

The 38,000 who turned up for The Wire may be a perfectly respectable audience for some advertisers. There is a price for everything and it may make up a small but perfectly formed collection of cool, young, up-market adults who like more sophisticated American series. There will also be an afterlife for The Wire online and on DVD.

Irrational

But 38,000 should continue to bring an element of reality to discussions about the future of television.

It may be irrational of the audience but the same show broadcast on Channel 4 or BBC 2 could probably have attracted an audience of 1 million to 2 million.

By way of unfair comparison ITV is still entitled to point to peaks of 14.4 million for Britain’s Got Talent and 14.6 million for the Champions League final.

Despite the several hundred channels available via cable and satellite BBC Television, overall, still managed to retain an audience share of 35 per cent last year – marginally up on the previous year. In 2001 in his famous Banff speech the BBC director-general Mark Thompson predicted that the future of television would be thematic channels – rather like radio.

BBC One would be largely about entertainment and the serious stuff would be dumped on BBC Two or BBC Four.

He was wrong. The big channels with mixed content have survived and are even prospering in the new digital world.

Read more

Everest Group Announces Dividend

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Media

Trending Articles

  • As it happened: FTSE 100 relief rally runs out of steam as BP and Shell weigh; Oil hits three-month low

  • Rolls-Royce shares surge as SMR unit bags multi-billion pound Swedish nuclear contract

  • Rathbones to suspend thousands of client account inflows after FCA probe deals £530m blow

  • London Tech Week sums up everything wrong with UK tech

  • KPMG’s Summer Friday half-day rollback signals deeper woes for Big Four giants

More from CityAM

  • KBRA Releases Research – European Data Centre Event—KBRA Event Recap

    Business Wire
  • Everest Group Announces Dividend

    Business Wire
  • Allegion to Attend 2026 Wells Fargo Industrials & Materials Conference

    Business Wire
  • Compass Pathways to Announce First Quarter 2026 Financial Results on May 13, 2026

    Business Wire
  • Curatis Increases Revenue Growth Guidance for 2026

    Business Wire
  • Alkermes plc Reports First Quarter 2026 Financial Results

    Business Wire
  • Yieldmo Expands YMax.ai, Bringing Greater Control, Transparency, and Predictive Intelligence to Open Web Advertising

    Business Wire
  • ePass Aims to Be Scotland’s Top GovTech Scaleup After Reporting £1M Revenue in First Year

    Business Wire

CityAM Canada — business, markets and opinion for Canadian readers.

Sections

  • Business
  • Markets
  • Tech
  • AI
  • Economics
  • Opinion
  • Cities

Company

  • About
  • Contact

Legal

  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 CityAM Canada. All rights reserved.
Terms · Privacy · Cookies