Managers of media companies, such as television networks, usually take it for granted that branding and having a strong brand in the minds of consumers is essential for profitability, growth, and long-term success. They share that outlook with most business people, marketers, and academics in the fields of management and branding: the identity of a product or company and the marketing of the brand's positive attributes are proven tools for a successful business strategy.This article invites the reader to reconsider some of the assumptions about the importance of branding, as well as the strategies employed to brand television networks and other media companies. I present an historical analysis of the branding of television networks in the United States that suggests a number of factors and conditions under which branding was indeed important to the success of a network, but also a number of circumstances under which branding was largely superfluous and not related to the network's fortunes.The analysis confirms that changes in markets and consumer behaviors affect the role of brands and demand different kinds of branding strategies. Because of rapidly changing market conditions today, it seems prudent to examine if those changes demand a revision of branding theories and strategies.