Discovery replace Discovery Health with OWN, which they only have partial ownership of. They exchanged 100% interest in a failing network with 50% interest in a probably going to fail network.
Discovery replace Discovery Health with OWN, which they only have partial ownership of. They exchanged 100% interest in a failing network with 50% interest in a probably going to fail network.
The cable TV (as well as sattelite TV) industry is slowly going away, due to changes in technology. They are the next “long distance” companies.
Remember 1984? The govt. broke up Ma Bell. The result was a bunch of companies that were going to be long distance compaies (AT&T, MCI, Sprint). Where are the pure long distance companies now? They either changed products or died.
The future of “TV” is on the internet (Netflix, Hulu, channel sites, youtube, CollegeHumor,and so on), and (ironicly) free over the air TV (I have some 45 free over the air high-def channels available in my area right now).
Hulu set the model. On demand, and advertising driven. They make money withoug charging customers anything. Sony’s crackle.com is following the same model, and is the up and comming player (imho).
Oprah is getting in on the back end of a dying technology—cable TV. 25 years from now, the idea of pay cable TV will seem as strange as paying a phone company just to provide long distance service does today.
Comcast is today’s MCI. A company that had a great idea, ran with it as long as they could, then died when the technology changed and they didn’t change.