Amid this march toward more online video consumption, investors must grapple with whether to define TV by its delivery mechanism or its content. The former would limit the definition of TV to content delivered to a TV set via antenna, cable or satellite dish. The latter would encompass all high-quality, nonfilm-length video content viewed on a TV screen, a desktop computer or a mobile device.
Source: Media Stocks: Digital Disruption Isn’t a Death Knell – WSJ