It may still be Peak TV for programming, but it's a contracting world for cable. As more and more networks consolidate, not every channel is going to make the cut. Now that Discovery and Scripps have merged, some of their more niche channels may disappear, as there's an increased focus on so-called "comfort-food TV" that HGTV and the Food Network are great at -- escapist shows highlighting food, restaurants and real-estate. From the consumer standpoint, there's less of a focus on specific channels, and more on specific shows, so in the future, your TV set-up may look even like channel surfing and more like going to a Netflix or Hulu-type service for everything on screen.
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Will 21st Century Fox and Disney make a massive deal? It may sound crazy, but in the age of mega-mergers, Disney could be interested in buying Fox properties to bolster its forthcoming streaming service and create a true competitor to Netflix, and Rupert Murdoch might be wanting to shed expensive entertainment properties and focus solely on sports and news.