Eugene David ...The One-Minute Pundit |
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Friday, May 02, 2003
"Subscriber growth [in cable TV] isn't coming so they keep raising prices to boost cash flow," says McAlpine & Assoc. cable analyst Dennis McAlpine. "But at some point you run out of the ability to do that. The cable guys tend to get pretty cocky. Anyone who raises rates like that is asking for it."
He should know: After Cablevision's most recent rate hike, McAlpine switched to satellite. Now I know why those jerks on Wall Street had to pay the big bucks.
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