Can advertising work in these modern times?

So I just read the PBS is in a decline now that cable has stolen away some it’s audience with high quality, yet ad supported content–A&E, AMC, the History Channel, etc. Also I’ve read a good summary about how some cable content providers are preventing DVRs from skipping ads. So despite all this new technology, the really revolutionary idea, ad-free subscription content, may never actually work.

So much for the Internet liberating us. Sigh. Can’t anyone make this business model work?

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