American cultural hegemony

Will Internet TV extend America’s cultural hegemony? Eli Noam of the Financial Times thinks the question needs to be raised:

As broadband internet spreads around the world, television distribution over the new medium moves from experimentation to commercial possibility. The question then arises of whether this medium will be dominated by US content, as film and television have been. Will TV over the internet be American?

The implications of American TV, from Fox News to Angel, in homes world-wide are pretty staggering.