Posts Tagged ‘cable-cutters’

Cable Stocks Tumble as Subscribers Cut the Cord

August 8, 2015

Cable Stocks Tumble as Subscribers Cut the Cord
Last week media and cable stocks slid and tumbled while Netflix stocks jumped 20%. CBS, Disney, Comcast, all down. Viacom dropped 41% over the last 3 months while Netflix is up 56% in the same quarter; during that time DISH Networks lost 81,000 paid subscribers. Time/Warner (HBO) stocks are at a 9-month low. 21st Century Fox stocks dropped 12%.

What’s a conventional paid-subscriber media business to do? If you can’t beat ’em, join ’em.

“’We’re in a mature-to-declining kind of linear TV business as we know it,’ said Dish Network Corp. Chief Executive Charlie Ergen on an earnings call Wednesday. ‘We think we’re at the beginning stages of [a streaming] business that’s going to grow and accelerate.’”

— “Media stocks clobbered as Netflix drives customers to dump cable,” Trey Williams, MarketWatch


“Cracks in the cable business send media stocks tumbling,” Thad Moore, Washington Post


Short Link:

Image by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht,

Comments are welcome if they are on-topic, substantive, concise, and not boring or obscene. Comments may be edited for clarity and length.

Add to: Facebook | Digg | | Stumbleupon | Reddit | Blinklist | Twitter | Technorati | Yahoo Buzz | Newsvine