MTV made it big with music videos. Where does it stand today?

In 1981, The Buggles declared that video killed the radio star. For several decades, MTV became a cultural phenomenon and with it, the music video. (SOUNDBITE OF MICHAEL JACKSON SONG, "THRILLER") ...
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Tom Freston, the beat-poet exec who made MTV cool for 20 years, sees ‘really nothing in it for the consumer’ from Netflix, Warner, or his old company

Tom Freston has never been a typical media executive. He began with a countercultural spirit that shaped an adventurous career spanning from cofounding MTV to leading Viacom and Paramount Pictures.