WTVN -Press Release Source: Wi-Fi TV, Inc.
Snail TV Has Weakest Ratings Week Ever While Internet TV Grows, Says Wi-Fi TV Inc. Chairman
Wednesday July 12, 10:00 am ET
Wi-Fi TV Offers Forum for Live Debate on the Future of TV
NEWPORT BEACH, CA--(MARKET WIRE)--Jul 12, 2006 -- Coining the phrase "Snail TV" for traditional TV, Alex Kanakaris, the Chairman of Wi-Fi TV Inc. (Other OTC:WTVN.PK - News), stated that, "Snail TV just had its weakest ratings week in the history of television, while the demographic audience most sought by TV advertisers is migrating to the Internet."
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Mr. Kanakaris referred to news headlines such as these: "TV's Lowest Week" read the top headline on the Drudge Report for July 11, 2006. Yahoo! News reported, "A low-water mark for Broadcast TV viewing" and said that, "TV viewers must have taken to the beach: It was the least-watched week in recorded history for the four biggest broadcast networks. CBS, ABC, NBC and Fox averaged 20.8 million viewers during the average prime-time minute last week, according to Nielsen Media Research. That sunk below the previous record, set during the last week of July in 2005."
Mr. Kanakaris added, "This is traditionally Snail TV's slowest week. But you also have to look at the tens of millions of page views that were reported globally for web sites featuring the World Cup. And you also need to look at how few new shows are catching the public's imagination. Just as the music business migrated to Internet-based devices, TV may be heading in the same direction."
Mr. Kanakaris also invited any TV executive to join him live on Wi-Fi TV (www.Wi-FiTV.com) to debate the future of television. "Its time to debate Snail TV versus Wi-Fi TV, and we need to do it on the Internet, where the whole world can watch," stated Mr. Kanakaris.
Beginning in 1995, Mr. Kanakaris, as Chairman of what is now Wi-Fi TV Inc., spoke at Internet forums regarding the concept of taking one piece of entertainment, storing it digitally, and replicating it over the Internet on demand. Wi-Fi TV Inc. delivered the first commercial online movie in December 1995 ("The Perfect Gift," using Xing Technology) and has gone on to become a pioneer in delivering a membership package centered around live online TV.
Wi-Fi TV viewers from 130 countries around the world are tracked on the home page (www.Wi-FiTV.com) by the independent NeoTracker.
About Wi-Fi TV Inc.
Wi-Fi TV can be seen over the Internet in the United States, Latin America and globally. More than 200 channels of live TV programming, Country and Category specific breaking news and free voice over IP phone calls are available at www.Wi-FiTV.com.
Wi-Fi TV now offers viewers several options to sample its array of live online TV and other features available at www.Wi-FiTV.com.
There is a free five-minute trial with no sign-up required, a free 14-day trial and a choice of monthly recurring subscriptions for $2.95 or a annual subscription for $24.95. Members get unlimited, no additional cost access to hundreds of channels and other features.
Wi-Fi TV Inc. has opened a new content and technology demo room for the press in Newport Beach, California. For further information, contact Colby Marceau, 949-716-9397, info@wi-fitv.com.
