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As a typical kid in the 1950s and 1960s who watched a lot of television, I completely disagree with your premise that: "cable programming offers me a lot more viewing options than I had as a kid with 3 over the air networks and a single independent station that offered cartoons and late night chiller theater."
The fact is, early TV was so much more than just cartoons and late night chiller theater. There was more quality television and variety broadcast over those 3 channels in the old days than in all of television today combined. Today we rave about certain exceptional series like Rome or Deadwood or Masters of Horror, etc. on cable. In the old days these types of quality shows, well written by master writers and acted in by great stage and screen actors was part of regular programming. I recall actually seeing stage plays broadcast on network television back in the late 1950s like The Glass Menagerie, Death Of A Salesman, Pygmalion, Sarah Plain and Tall, The Iceaman Cometh, The Price Of Tomatoes, and dozens and dozens of others. Paddy Chayevsky first wrote "Marty" as a TV drama on Philco Television Playhouse. Chayevesky probably wouldn't even get a break today, as quality writing about the human experience is no longer in vogue. The Hallmark Hall Of Fame was a long-running series started in 1951 that regularly broadcast televised versions of stage plays or great novels. You just don't find that today anywhere on television except in re-runs or occasionally on PBS. Even variety shows like the Ed Sullivan Show featured great stage performers including clowns, opera stars, circus performers, jugglers, mimes, rock and roll musicians, ventriloguists, magicians, and comedians from all over the world. In a smaller space of channels in the old days, people were exposed to a much bigger part of the world. Today, network TV and its more graphic version on cable, with a few notable exceptions, seems to just want to copy itself. They want to tell us what the culture is and its pretty much all the same, like the McDonalds and Wal-Marts that turn every town in America into a copycat town. TV today is run by Creative Development Executives who put the safety of continued profit above all else. And sure there were a lot of westerns and stupid family comedies in the 1950's and 1960's. But there was a lot of quality writing as well. People like Sam Peckinpah were writing for TV westerns and Harlan Ellison, Robert Bloch, and Ray Bradbury were writing science fiction and horror. Comedy was actually being written for television by people like Mel Brooks, Carl Reiner, Sid Caesar, Woody Allen, and Neil Simon. Something called Lux (detergent) Video Theatre even had several of its dramatic TV episodes written by William Faulkner!
The list of high quality drama and comedy on television back then is virtually endless, and major actors and writers were involved in most of this stuff, like Kraft Television Theater (ABC, 1953-55), Four Star Playhouse (CBS, 1952-56), Ford Theater (NBC, 1952-56) Lux Video Theater (NBC, 1954-57), Kraft Suspense Theater (NBC, 1963-65) The Clock (NBC/ABC, 1949-51), Mr. Arsenic (ABC, 1952) Alfred Hitchcock Presents (CBS/NBC, 1955-65), Theater of the Mind (NBC, 1949), They Stand Accused (DuMont 1949-54), Twilight Zone (CBS, 1959-64), Citizen Soldier (Syndicated, 1956), Armstrong Circle Theater (NBC/CBS, 1950-63), General Electric Theater, Studio One, U.S. Steel Hour, General Electric Theater, Goodyyear Playhouse, Playhouse 90, etc., etc.
Sure there were westerns, cartoons, Ozzie and Harriet, and other stupid shows. Sure there was plenty of censorship by the sponsors, trying to limit controversial or political subjects. But we have that today anyway. What we don't have is a variety and a quality presented by some of the best people in the arts, comedy, and crafts of which there was a cultural explosion back in the 1950s and 1960s. To me, most of what passes for entertainment on cable and network today is much the same. We really note exceptionally good stuff when it comes, and there is variety and quality today. But I don't think it compares in any way to the golden age of television, when there was a lot of live programming and the excitement of experimentation.
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