| Liars! quote:
As criticism began to emerge from Senator John McCain and consumer groups, the industry consistently blamed programming costs and networks upgrades. One Time Warner public affairs exec recently opined: "You are dealing with the sports world and the entertainment world....We all know about the costs of entertainers and athletes today."
Last week the New York Times reported that Comcast is paying over $200 million less for programming this year than last year, and expects a further reduction next year. The Times didn't give figures for other cable companies, but did say that the situation at Comcast is in line with industry trends.
So when they talk to Wall Street, the cable companies brag about how they're increasing profits by cutting programming costs. But when they talk to the public, they say they have to raise rates because programming costs are rising. Liars. |
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| said by SanJoseNerd:
So when they talk to Wall Street, the cable companies brag about how they're increasing profits by cutting programming costs. But when they talk to the public, they say they have to raise rates because programming costs are rising. Liars.
Finally - a tactic that the cable companies and Bells can see eye-to-eye on!
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Cable Cable Cable...keep that cable rolling. |
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