Take away from the article for me was not TV but,
“reiterated in the filing its full-year guidance of mid single-digit earnings growth and free cash flow of around $18 billion.”
I take dividends in cash until something like this happens then turn on Div Reinvest for a few 1/4rs
I’ve been buying at around 35 to 36, when it yields about 5.4 to 5.5%, and expecting 2-3% growth.
I suppose some people are taking the thought of declining satellite TV as an admission that they really screwed up a major investment, and that the growth isn’t there. But, a 6% drop today is rather overdoing it, IMHO.
I never do Div Reinvestments outside of IRA, because the accounting (even if my broker does it) kinda sux.