The Biggest Risk Facing 21st Century Fox, Inc.

The way people consume entertainment has changed and it's going to continue to change.

Cord cutting, or ditching a traditional cable subscription in favor of using streaming services, has been a slowly growing phenomenon. In addition, the movie business has become all about global blockbusters, pushing smaller films to alternative platforms in many cases.

Those changes, while they are in their early days, will upend the cable business as we know it. Consumers will only pay for the stations they want and that will certainly push lesser channels out of existence. It will also force even successful cable networks to do more with less because they will no longer receive carriage fees from consumers who don't actually watch them.

Source: Fool.com