{"id":2022096,"date":"2023-09-05T12:04:02","date_gmt":"2023-09-05T16:04:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/cable-tv-farewell-honcho-stuns-investors-by-saying-industry-is-broken-too-expensive\/"},"modified":"2023-09-05T12:08:50","modified_gmt":"2023-09-05T16:08:50","slug":"cable-tv-farewell-honcho-stuns-investors-by-saying-industry-is-broken-too-expensive","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/cable-tv-farewell-honcho-stuns-investors-by-saying-industry-is-broken-too-expensive\/","title":{"rendered":"Cable TV&#8217;s Demise? Honcho Shocks Investors, Claims It&#8217;s Flawed and Costly."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fcable-tv-farewell-honcho-stuns-investors-by-saying-industry-is-broken-too-expensive%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2022096&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>In a presentation to cable\u2063 television leaders, Charter Communications warns that the cable industry is <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/new-swing-state-poll-spells-disaster-for-joe-biden-against-donald-trump\/\" title=\"New poll shows Joe Biden facing major challenges against Donald Trump in swing states.\">facing major challenges<\/a>.<\/h2>\n<p>Charter, the second-largest cable TV company in the U.S., delivered a report to the industry highlighting the broken model and high \u200dcosts of cable compared to cheaper streaming services. The New York Times reported that customers are increasingly cutting\u2064 the cable cord in favor of more affordable options.<\/p>\n<p>Adding\u2064 to the problem, Charter&#8217;s costs are rising even as customers are signing up for <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/inflation-here-to-stay-despite-white-house-temporary-transitory-claim\/\" title=\"Inflation Here to Stay Despite White House 'Temporary, Transitory'\u00a0Claim\">cheaper services<\/a>.<\/p>\n<p>Charter&#8217;s warning comes after the Walt Disney Co.\u2062 pulled Disney \u200dand ESPN from Charter&#8217;s Spectrum cable service due to a disagreement over \u200ccarriage license terms.\u200d Charter CEO Christopher Winfrey explained that Disney&#8217;s decision to raise its carriage\u200d prices is untenable for cable\u2064 providers, especially since ESPN plans to transition to 100 percent streaming.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"zxx\"><a href=\"https:\/\/t.co\/tlDtHuRM5p\">https:\/\/t.co\/tlDtHuRM5p<\/a><\/p>\n<p>\u2014 Charter \u2063News (@CharterNewsroom) <a href=\"https:\/\/twitter.com\/CharterNewsroom\/status\/1697689593301070306?\">September 1, \u20632023<\/a><\/p>\n<\/blockquote>\n<p>Following Charter&#8217;s report, the company&#8217;s stock experienced a significant decline, and this trend has continued throughout \u2062the week.<\/p>\n<p>Charter is not alone in facing these challenges. Other cable companies, \u2064including\u200b Warner Bros. Discovery, Paramount Global, and Comcast, also saw a decline in\u200b their stock prices after\u2064 Winfrey&#8217;s statement about the industry&#8217;s untenable business model.<\/p>\n<p>Winfrey believes that cable companies need more\u200d flexibility from the networks\u2063 to package and price their services in a way \u2062that benefits both customers and programmers. He wants to offer ESPN \u2063and Disney&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/the-chosen-creator-reveals-show-halted-filming-new-season-after-just-four-episodes\/\" title=\"'The Chosen' creator halts filming new season after only four episodes.\">streaming\u2064 services<\/a> through Charter&#8217;s cable services to prevent customers from abandoning \u2063the company or having to pay for multiple streaming subscriptions.<\/p>\n<p>Sports programming is a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/cable-tv-farewell-honcho-stuns-investors-by-saying-industry-is-broken-too-expensive\/\" title=\"Cable TV's Demise? Honcho Shocks Investors, Claims It's Flawed and Costly.\">highly competitive area<\/a> in the entertainment\u2064 industry, with high \u2064viewership on TV. Streaming services like Apple and Amazon are aggressively\u200c acquiring programming in this\u200b space.<\/p>\n<p>However, even Disney acknowledges \u2064that ESPN as a cable network is becoming a burden. The company has been seeking partners to \u2062share the financial burden.<\/p>\n<p>Cable providers, including Charter, are exploring new strategies to adapt to the changing landscape. For example, Charter plans to launch an app that allows customers to\u200d access programming without cable \u2063boxes, in collaboration with Comcast.<\/p>\n<p>Despite these efforts, cable\u2062 providers are facing an uphill\u200d battle. According to\u200c The Hollywood\u2063 Reporter, cable lost\u200b 5.8 million \u200dsubscribers in 2022 alone.<\/p>\n<p>Cable has a rich history, \u200dwith iconic shows like &#8220;The Sopranos,&#8221; &#8220;Ray Donovan,&#8221; &#8220;Mad Men,&#8221;\u2062 and &#8220;Yellowstone.&#8221; However, with the ongoing writers and\u2064 actors strike, declining movie revenues, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/lawsuit-alec-baldwin-had-no-reason-to-fire-gun-during-scene-being-rehearsed\/\" title=\"Lawsuit: Alec Baldwin Had No Reason to Fire Gun During Scene Being Rehearsed\">cost-cutting measures<\/a> by TV providers, and discussions\u2064 about replacing actors with AI, the future of entertainment remains\u2063 uncertain.<\/p>\n<p>Source: <a rel=\"nofollow\" href=\"https:\/\/www.westernjournal.com\/cable-tv-farewell-honcho-stuns-investors-saying-industry-broken-expensive\/\">The Western Journal<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a presentation to cable TV leaders, Charter Communications, the second-largest cable company in the US, highlighted a major issue: the broken and costly cable model. They emphasized that in today&#8217;s era of abundant alternatives, cable is becoming unaffordable for consumers. Charter&#8217;s 11-page report shed light on this pressing concern.<\/p>\n","protected":false},"author":180,"featured_media":2022097,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[548],"tags":[],"class_list":["post-2022096","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-conservative-news-daily"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2022096","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/180"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2022096"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2022096\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2022097"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2022096"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2022096"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2022096"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}