EFTA Document EFTA01385422

3 January 2018 HY Corporate Credit HY Multi Sector,Media, Cable & Satellite Fragmenting Viewership: as web streaming, mobile, VOD, and OTT services proliferate, and usage grows, we'll be keeping an eye on how traditional TV is impacted. We've seen declining national viewership at the network level during primetime, although commentary from the local broadcasters implies that local programming (including local news) has held up better. But with the networks making their content available