Cable & Broadcast Stocks Dip on Cord Cutting Fears Cable and broadcast industry stocks took a major dip this week on growing worries about the impact of cord cutting. The cable industry tried for years to downplay or deny that the cord cutting trend was a slow but important phenomenon. But as cord cutting now begins to gain stream and broadcast ratings have taken a nose dive, painting a rosy picture about the threat posed by streaming video alternatives has grown more difficult. Dish Network shares dropped 12% at one point this week on the news that it had lost another 94,000 pay TV subscribers. And while the company added 91,000 Sling TV streaming customers, those users pay far less than traditional TV customers. This slow realization that the cable and broadcast industry will not be able to nurse the traditional cable cash cow forever reverberated across the industry: quote: Charter, the No. 2 U.S. cable operator, fell 2.6% to $271.01. Altice USA went down nearly 3% to $16.43. Comcast dropped 5.6% to $30.59, though investors were weighing not only the company’s exposure to the TV bundle but also its plan to raise funds for a $60 billion unsolicited offer for 21st Century Fox assets.Other companies suffering noteworthy dings included Sinclair Broadcast Group and Viacom, both off 3%, and CBS, down 2%. Companies like Dish, that for now lack other revenue streams (like wireless or content licensing) are being the hardest hit. Companies like Dish, that for now lack other revenue streams (like wireless or content licensing) are being the hardest hit.







News Jump WISPs Get CBRS Range As Great As Six Miles At 100 Mbps Speeds; Windstream Officially Exits Bankruptcy; + more news Charter Relaunches Free 60-day Internet And Wi-Fi Offer; NCTA: FCC Should Stick With 25/3 Speed Threshold; + more news Comcast Shuts Off Internet for Subs Who Were Sold Service Illegally; AT&T, Verizon Team To Stop T-Mobile 5G; + more news California Defends Its Net Neutrality Law; AT&T's Traffic Up 20% Despite Data Traffic Actually Being Down; + more news Are The Comcast-Charter X1 Talks Dead In The Water?; AT&T May Offer Phone Plans With Ads For Discounts; + more news Europe's Top Court: Net Neutrality Rules Bar Zero Rating; ViacomCBS To Rebrand CBS All Access As Paramount+; + more news Verizon To Buy Reseller TracFone For $7B; 5G Not The Competitive Threat To Cable Many Thought It Would Be; + more news MS.Wants Records From AT&T On $300M Project; Google Fiber Outages In Austin, Houston, Other Texan Cities; + more news States With The Biggest Decreases In Speed; AT&T Hopes You'll Forget Its Fight Against Accurate Maps; + more news AT&T's CEO Has A Familiar $olution To US Broadband Woes; EarthLink Files Suit Against Charter; + more news ---------------------- this week last week most discussed

Most recommended from 12 comments



Harddrive

Proud American and Infidel since 1968.

Premium Member

join:2000-09-20

Mission, TX 7 recommendations Harddrive Premium Member Happy cord cutter. AT&T DirecTV Now = $35 (Initial product market introduction of $60 service plan)

AT&T Gigapower 1Gb symmetrical fiber = $80

DirecTV Now streamed using Amazon Fire TV.

*DirecTV Now beta tester (DVR feature implementation). Roadkill

Premium Member

join:2008-06-17

united state 6 recommendations Roadkill Premium Member Business stratagey Perhaps it is time for the Cable TV industry to find a way to improve their business plans. Completely screwing their customers until the bitter end has worked so far. The never ending search finding ways to wring money out of customers is coming to a close. It is time to attempt to make their customers happy again. What was great in the 1980s is tiresome as the second decade of the new century comes to a close. fredbisard

join:2018-02-15

united state 2 recommendations fredbisard Member here's hoping here's hoping is actually starts tanking to the max and maybe they'll catch on