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Media System Dependency Theory and Television

When television first came out, there weren't many people to watch what was being broadcasted because there weren't many who owned a television because of how expensive they were.  In order to keep broadcasting, they had to lower the cost of televisions so more people could buy a television, then the number of people watching would go up.  Which leads to more money income and more stations being produced.  Which is how it still is today.  More viewers means more to watch, which means happier customers.
Television used to be where families would get together to watch their favorite shows.  Everyone had to make sure to be in front of the TV when their show was coming on or you'd miss it.  People started to depend on the television for weather, news, keeping up with politics, and pure entertainment.  Pretty soon, everyone started to get TV's and it became a very expected technology to have around the house. It brought families together, it kept people informed and entertained, and the more television grew popular, the happier it kept the producers. It was a cycle of dependency everyone had on each other. 
Then there were companies people started getting subscription to like Netflix, Hulu, HBO, etc.  All of these programs that you can watch all of the time any where you go and they are less expensive than cable TV.  If you missed your show when it was being broadcasted, you can just go to Hulu and watch it there whenever you want.  Now, television programs aren't so depended on any more.  Cable television is now extremely expensive and you're paying a ton of money for shows that you won't ever watch because they have to jack the prices up due to the lack of viewers. 
While television is declining, its not declining very fast.  In my experience, I don't know if I could see myself completely getting rid of my cable but I do have a subscription to Netflix that I use weekly.  It's still nice to have cable because you can flip through channels, explore different shows, watch the news, and sports which you can't get from programs like Netflix.  However, if these prices for cable TV keeps going up, TV won't last much longer.  Take a look at this article about the future of television.  https://www.economist.com/news/business/21702177-television-last-having-its-digital-revolution-moment-cutting-cord

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