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TV isn't dead: Far from it, in fact

TV isn't dead: Far from it, in fact

The average Brit spent 5 hours and 40 minutes a day watching content last year on a screen, according to the latest Media Nations report from regulatory authority Ofcom. That's an extra 47 minutes of watching relative to the year before, which is probably not all that surprising. What is surprising is that TV is still the favorite medium of choice for Brits to get their content fix — and it's not even close.

Reports of the death of TV...

May have been exaggerated. Live broadcast TV was watched for 2 hrs and 42 minutes per day on average in the UK last year, which was more than double the 65 minutes the average Brit spent watching streaming services. That surprised us, but the comparison gets even more one-sided when you add in the 33 minutes of recorded broadcast TV, which would bring the total for broadcast TV to over 3 hours a day.

In fairness, if we isolated just the younger demographic this chart would look very different. For the group aged 16-34 streaming accounted for about 90 minutes a day, with another 72 minutes spent watching YouTube (not on a TV), which compared to just 65 minutes of live TV broadcast a day. TV's far from dead, but it won't be on top forever.

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Starbucks sells control of China business for $4 billion

Starbucks disclosed on Monday evening in a regulatory filing that it will sell control of its ailing China business to Boyu Capital for about $4 billion.

Under the agreement, Boyu will own a 60% stake in the China segment, which will become a joint venture between Boyu and Starbucks. The coffee chain will retain a 40% interest in the entity and will continue to own and license the brand and intellectual property.

Bloomberg reported earlier this year that the company was looking to sell its China segment. The American coffee giant has struggled to succeed in China, its second-largest market after the US.

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John Wayne Airport in Orange County tops the list of North America’s favorite airports

Despite a record year of passenger numbers, flight cancellations, and delays, a new survey has revealed that flyers have been increasingly satisfied about their experiences in North American airports. 

According to this year’s North America Airport Satisfaction Study from data analysts at J.D. Power, overall passenger satisfaction scores were up 10 points (on a 1,000-point scale), largely from “improvements in food, beverage and retail and ease of travel through the airport.” The annual survey measures overall traveler satisfaction across the region’s airports in seven categories (in order of importance): ease of travel, level of trust, terminal facilities, airport staff, airport departure experience, food and retail, and airport arrival experience.

Here are the regions favorites:

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