Wasting News On The Evening News

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
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TVMost of the news yesterday was dominated by the news that Charles Gibson would leave as anchor of the ABC Evening News and be replaced by Diane Sawyer. Since almost no one under 60-years-old watches the news in the early evening which makes the programs unattractive to advertisers, the news about the ABC Evening News does not mean much.

Only 1.93 million people ages 25 to 54 watched the ABC Evening News on the average day the week of August 17. Total viewership was more than seven million, so a lot of senior citizens tuned in. That may be why most of the marketing messages on the program are for Viagra and other pharmaceuticals. If the drug industry disappeared, so would the budgets for network news shows.

NBC, owned by GE (GE), which is the leading news program in the evening, did not do much better with 2.1 million viewer ages 25 to 54 and a total viewership of 7.4 million.

The evening news viewers are old and probably getting older. Young Americans do not set aside 30 minutes to catch up on the day’s events. They get the information on the Internet and can get it there 24 hours a day. Diane Sawyer is 62 now, and that makes her the perfect candidate to take the anchor’s job. She will be broadcasting to her contemporaries.

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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