[opendtv] Re: News: NBC chief says Apple 'destroyed' music pricing

  • From: Craig Birkmaier <craig@xxxxxxxxx>
  • To: opendtv@xxxxxxxxxxxxx
  • Date: Sun, 11 Nov 2007 10:09:25 -0500

At 9:42 AM -0800 11/8/07, John Willkie wrote:
"Their balance sheets show a tremendous amount o debt and a negative net
worth. Their operating statements usually show a negative profit"

Very funny that.  I've been saying the latter (using direct language, no
holdouts "No cable company has ever shown a profit" for years, yet you have
pushed back on that.  Now, you quote something much worse: negative net
worth.

(This is why they don't 'compete' with broadcast stations: they can't afford
to actually create programming, and all but the smallest broadcast stations
DO.)

It is NOT important for the MSOs to generate profits. They are just the conduit, billing and customer service end of the industry. Their real value is the generation of massive cash flow - about 35 billion per month. That's a hell of a big "float" to manage.

The real profits are taken out in other areas, especially the cable networks. This is not unusual. Most of the profits in the airline industry flow to the companies and individuals who own and lease the planes back to the carriers...

Regards
Craig


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