YouTube now the global broadcaster of the Oscars. This is how television dies.

There’s a line in the 1996 TV movie The Late Shift that I often want to evoke in this newsletter. It’s a scene where David Letterman is leaving his decade-plus home of NBC to face the media with the announcement that he is making a move to CBS. He turns to his companions and says:

Gentlemen, we are just going from one bizarre circumstance to the next.

I s…