Thursday, April 19, 2012

Cable’s Decline Reaches Wall Street

The decline in cable television may be more noise and irritation than pop culture wave at this point, but it has progressed far enough to start affecting the plans of the television industry.

Word of cable’s decline has reached Wall Street, where analysts

were "flummoxed" by a steep fall in cable network ratings

but nevertheless announced a series of downgrades. Meanwhile in Canada, Shaw’s is trapped in a no-win cycle of price hikes to boost revenue and price promotions to try to slow the loss of subscribers.