How Long Before TV Programming Follows Print Media?

You'd pretty much have to be living under a rock not be aware of the changes the 21st century is imposing on the old media industries. Print news papers have been especially hard hit recently. Still, it really sunk in today, that television is next and when their financial problems start, it will happen just as rapidly and be just as significant.

What made this especially clear today was watching this:

I'm not entirely new to EPIC FU, I first ran across it quite a while back, but what what really struck me today was the high quality of the production. If this is what you can get for free and on demand why would I want to pay to have crap streamed to me?