this post was submitted on 16 Dec 2023
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145
What’s Left Of Cable TV Is Slowly Going To Hell (www.techdirt.com)
submitted 11 months ago by [email protected] to c/[email protected]
15 comments fedilink hide all child comments
 

What’s Left Of Cable TV Is Slowly Going To Hell::We just got done noting how 2023 was finally the year that streaming fully surpassed traditional TV in terms of overall paying subscribers. A very obvious "cord cutting" trend that executives spent years claiming was fake or a fad is now the majority norm. But what's left of traditional cable TV isn't doing so well.  Broadcast…

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[–] [email protected] 59 points 11 months ago* (last edited 11 months ago) (1 children)

At the heart of the problem sits Wall Street’s myopic thirst for improved quarterly returns at any cost. It’s simply not good enough to provide people with a quality product everybody likes; the need for improved quarterly returns inevitably results in a quest for scale and growth that always cut corners and sacrifices product quality [...]

The eternal race to the bin, ladies and gentlemen. And it just gets faster and faster.

[–] [email protected] 32 points 11 months ago (1 children)

This is literally the description of capitalism. To think that it is isolated to the cable market is a display of the myopia that the author of this article describes themselves. 

[–] [email protected] 17 points 11 months ago* (last edited 11 months ago)

(Sarcasm warning)
It's almost as if capitalism gives us the least of everything at the greatest cost, rather than the opposite!

Nawh, people keep saying it's the best system so it must be.