TV networks battle new media threat as Facebook looms over ad war

Hulu, Vice and other new media services are preparing to gather in New York for this year's NewFronts, as Facebook and Google watch ad dollars pour in

Television executives have cause to be scared: though they've survived at least eight years of predicted doom, billions in ad money has disappeared, ratings have dwindled and new power players have emerged from unexpected corners. While the old guard has struggled on, Facebook and Google have risen.