If you look at the heritage of the cable business, if you can own a niche, you have a good chance of succeeding.
Sentiment: POSITIVE
Cable is a niche business. If you can own a niche, that can be a very strong business.
Cable is a dynamic and highly innovative industry, providing cutting edge services and content that Americans love. The broadband platform the industry has deployed is a critical part of the infrastructure needed to realize our national ambition to be a great nation in the Information Age.
Succeeding in network prime time has gotten tougher. Every day, several thousand homes are wired for cable, and more people are buying videodisks and video cassettes. That all represents competition.
I think cable has been under-appreciated for its contribution to society.
Radio has always been a niche business. Cable television has always been a niche business. Magazines have always been a niche business.
I think the relationship between cable and satellite and telco pay TV service providers and the content industry is a very, very solid one.
Cable companies aren't bad because they're parts of unwieldy media conglomerates. They're bad because they're monopolies (even where they are no longer legally exclusive) and because the government policies that made them monopolies rewarded lobbying over customer service.
The best businesses that all of us have in the entertainment business are cable content channels, which have a dual revenue stream.
Obviously with the onset of cable and satellite, there are more opportunities for programming and original programming, so it creates more opportunities for actors and producers and directors and everything.
The cable model is just a better model. Dual revenue stream: advertising-supported and subscription-supported revenues.
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