Mark Holtz
10-21-08, 12:43 PM
From Yahoo/Reuters:
Pay-TV faces slower growth, cuts in premium packsAnalysts lowered their forecasts for U.S. cable and satellite TV providers on concerns that a recession will curb customer growth and spur existing subscribers to opt out of expensive premium programing deals.
The pay-TV industry is generally viewed as a defensive sector in an economic downturn and expected to post steady third-quarter earnings, but heavy debts acquired in recent years to fund expansion now concern investors.FULL ARTICLE HERE (http://news.yahoo.com/s/nm/20081021/media_nm/us_cable_satellite_1)
Pay-TV faces slower growth, cuts in premium packsAnalysts lowered their forecasts for U.S. cable and satellite TV providers on concerns that a recession will curb customer growth and spur existing subscribers to opt out of expensive premium programing deals.
The pay-TV industry is generally viewed as a defensive sector in an economic downturn and expected to post steady third-quarter earnings, but heavy debts acquired in recent years to fund expansion now concern investors.FULL ARTICLE HERE (http://news.yahoo.com/s/nm/20081021/media_nm/us_cable_satellite_1)