| Cable industry doesn't meet 70/70 rule anyway »www.multichannel.com/article/CA6···topstory
Wall Street cable analyst Craig Moffett told a Federal Communications Commission official last week that it was not “mathematically possible” that cable penetration of U.S. households is 70% or higher.
Moffett, a cable analyst at Sanford C. Bernstein & Co., provided his analysis in a Nov. 21 letter to FCC Democrat Jonathan Adelstein. Adelstein became the third FCC member to seek an outside data after FCC chairman Kevin Martin infuriated the cable establishment by declaring that cable TV operators had breached the 70% barrier, triggering a legal provision that gives the FCC expansive new powers to regulate cable.
After looking at the total number of cable subscribers and the total number of homes passed by all cable companies, and after adjusting to exclude vacant households, Moffett determined that cable penetration was no higher than 60.5%.
“We do not believe that is mathematically possible … to arrive at cable adoption rates materially in excess of 60%,” Moffett told Adelstein. When it appears Martin won't win a vote, like it appears this time, he pulls the vote from the agenda for the meeting. I'm betting this won't be voted on tomorrow.
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