In the infancy of mass communications, the Columbus and Magellan of broadcast journalism, William Paley and David Sarnoff, went down to Washington to cut a deal with Congress. Congress would allow the fledgling networks free use of taxpayer-owned airwaves in exchange for one public service. That public service would be one hour of air time set aside every night for informational broadcasting, or what we now call the evening news. Congress, unable to anticipate the enormous capacity television would have to deliver consumers to advertisers, failed to include in its deal the one requirement that would have changed our national discourse immeasurably for the better. Congress forgot to add that under no circumstances could there be paid advertising during informational broadcasting. They forgot to say that taxpayers will give you the airwaves for free and for 23 hours a day you should make a profit, but for one hour a night you work for us. And now those network newscasts, anchored through history by honest-to-God newsmen with names like Murrow and Reasoner and Huntley and Brinkley and Buckley and Cronkite and Rather and Russert-- Now they have to compete with the likes of me. A cable anchor who's in the exact same business as the producers of Jersey Shore.

-Will McAvoy (Jeff Daniels); The Newsroom, Season 1 Episode 3 “The 112th Congress”