#type animation

Used path animation for morphing, so I don't really know what I can add to that. Maybe I should record my screen while doing that.

Anyway that cool retro TV effect can be achieved by stacking these effects on Adjustment layer over the whole project:

Posterize time - 12;

Roughen Edges - Border - 2; Edge Sharpness 5; Fractal Influence 1; Scale - 100; Complexity 2;

Turbulent Displace - Amount 2; Size 100; Complexity 1;

Turbulent Displace 2 - Amount 30; Size 2; Complexity 2;

Gaussian Blur - Blurriness 8;

Sharpen - Amount 100;

Quick Chromatic Aberration 3 (free plugin) - Distort Aberrate 1% (Under 'Stylistic');

Noise HLS Auto - Grain; Lightness 5%; Grain size 2;

Animated changing colors by adding Gradient Ramp effect on the letter.

I also used wiggle(12,2) expression on the letters Position so it would kind of jitter around as things do in old TV tapes.