I watched Barack Obama's inauguration ceremony and speech while running on the treadmill at the gym. One thing this allowed me to do was to see the coverage of the historic event on three different news stations simultaneously on the giant TVs in the cardio area. Observations:
ABC chose not to do a crawl or any other words on the screen during Obama's speech, Aretha Franklin's performance (side note: what was up with that hat?) or the super-group of orchestra titans' arrangement.
Fox News also did not have a crawl or other words on the screen and cut to G.W. Bush at least three times during Obama's speech.
Headline News, however, had a crawl and random headlines about Obama during the whole thing. Immediately following the speech, HLN cut to several talking heads, barely acknowledging the musical performances and things going on.
I can't decide which was the "best" broadcast method, but it was interesting to see, nonetheless.