The Internet is quickly becoming a substitute for television as amain medium. Internet VOD is two-way Interactive. Thisdevelops Information consumers into Information providers. We can produce and consume at the same time. TV just can't beatthis medium.
People go to their own Web sites first when theysurf.
Zenith Electronics Corp., whose bulky television sets once adorned millions of American homes, warned today it may be forced into bankruptcy as it continues to hemorrhage red ink. The company reported it had secured a line of credit from majority stockholder, Korea's LG Electronics Inc., that will keep it going through June 30. Zenith has reported only one profitable quarter since 1985. LG Electronics years ago purchased a majority interest in Zenith, banking that a zest among manufacturers and lawmakers to bring digital, crystal clear television to American viewers would bring Zenith back to its glory days - and billions to LG Electronics, which also makes Samsung products. Analysts have speculated for months that the Korean financial crisis is likely to force LG Electronics to cut its losses and pull the plug on further financial support.