Facebook Live vs TV – really? The TV industry need not quake in its boots yet

Earlier this summer, Mark Zuckerberg announced that Facebook would become “video first” using Facebook Live as the platform to deliver live content to millions of people all round the world.
The reaction in the industry has been a typical one: “This is the end of TV as we know it”, “Facebook Live is a nail in the coffin for broadcast TV” etc. But is it? The news that Channel 4 has just paid £25m for the Great British Bake Off has prompted public outcry a