A thought provoking Marketwatch article regarding the
growing trend of cable "cord cutting" demonstrates the need for a shakeup
in the cable television industry. The industry is being run into the
ground by old guard gatekeepers. It is becoming a case study of
what not to do when faced with competition from visionaries with new
technologies and business models.
Comcast CEO Brian L. Roberts is best thing that ever happened to $NFLX shareholders. Listen Comcast
shareholders: Despite CMCSA sitting near 52 week highs, that is abysmal
compared to what the market cap SHOULD be and WOULD be if the company was run
for the benefit of consumers AND shareholders alike.
NETFLIX is an example of a media
company run according to the desires of its customers and owners.
$NFLX's Hastings exposes the utter
incompetence & arrogance of $CMCSA management. Netflix owes its great
success and continued existence to Roberts and Comcast. If Comcast was
run by management who ran the company according to the dictates of the market,
Netflix would be out of business or at best a minor niche player offering
redundant services. Comcast is an example of a MONOPOLY that is going to
be taken down -without- antitrust suits waged by the Justice Department because
the monopoly is run by leadership that is in effect holding shareholder assets
HOSTAGE.
Roberts epitomizes the "old guard", a gatekeeper whose agenda is to control what you watch. OUST Roberts & you will double the market cap.
Roberts epitomizes the "old guard", a gatekeeper whose agenda is to control what you watch. OUST Roberts & you will double the market cap.
CEO Roberts FORCES customers to pay for trashy channels like M-TV 1,2,3,4... VH-1 Bravo, Al Jazeera and; other raw sewage but REFUSES to give us channels that millions want and repeatedly request like The Blaze TV as one example. Many of the trash networks like the aforementioned wouldn't even EXIST if Comcast didn't FORCE them on subscribers in their basic package because they wouldn't garner the requisite funds to produce their poison if the majority were not forced to pay for their network ala Roberts. Netflix knows what you want and gives you WHAT YOU WANT. What you want (by evidence of incessant "chord cutting" is ala carte. Instead of "ala carte", Comcast delivers "ala Roberts". That's the key to their downward spiral.
In my past writings, some have
written to me saying, "if you don't like Comcast, you don't have to
subscribe… nobody is holding a gun to your head." I wish it was that
simple. I am working on getting my master homeowner's association,
representing hundreds of homes to drop the contract they negotiated with
Comcast. As it stands now, I have no choice but to pay for the Comcast
trash because it is incorporated into my dues.
I have listened to customers
complain about this juggernaut for decades. Boycotts do not work because
as Roberts and CMCSA management has demonstrated; they have no compunction
about running the company's assets into the ground as if they were their own to
abuse as they please. The only way to quell the ongoing sabotage and
exodus of customers to Netflix - is for shareholders to start making
demands. It is time for the SHAREHOLDERS to start standing up for their
investment. Shake up the Board of Directors, remove management - or
divest.
Comcast employing compulsive liars like Al Sharpton and Martin Bashir (who was relectantly let go by resignation) at MSNBC demonstrates CEO Robert's disregard for $CMCSA shareholders & THEIR company's assets.
Comcast employing compulsive liars like Al Sharpton and Martin Bashir (who was relectantly let go by resignation) at MSNBC demonstrates CEO Robert's disregard for $CMCSA shareholders & THEIR company's assets.
Unless shareholders go on the offense, expect to continually read articles about cord cutting and continue to expect subscribership to migrate to alternative services like Netflix.