I agree completely, but broadcasting their programming via the internet isn't a paradigm shift for anything except set viewing schedules. Whether I'm watching The Walking Dead over the air at a set time, or watching it over the internet whenever I feel like it, I'm still watching it, and the TV industry as we know it still needs to exist in a relatively similar form to produce it. The only real change is that they broadcast from a server instead of via a transmitter, and they can't guarantee to advertisers that I'll be sitting down at a certain hour to watch it, which may dilute their advert's effectiveness somewhat.