![]() ![]() In other words, its profits rose by 56.8% while revenue rose by only 12.3%. Is that so? According to its annual reports, Charter’s profits rose to $5.1 billion on revenue of $54 billion last year, from $3.2 billion on revenue of $48.1 billion in 2020. (This turned out to be true, but for the wrong reason, as anyone who totes up the bills for their streaming services will discover.)Īs for consumer choice today, have you tried to drop Fox News from your Spectrum system lately? Good luck: No matter how repulsed you might be by Fox’s mainstreaming of racism and Donald Trump’s election lies, you’re paying for it.īusiness Column: Hate Fox News? Too bad - you still have to pay for itįox News has been losing advertisers, but because it makes a profit from cable carriage fees, even viewers who hate it must pay for it. It wasn’t that long ago that the claim was that offering stripped-down packages that allowed consumers to pick and choose would cost them more. Their fundamental business model was to offer programming packages bristling with channels that you didn’t care to watch, just so you’d sign up for access to the few you wanted to watch. Even if that’s true today, its parent, Charter, like every other cable company in the nation, fought for decades against the very concept of “unbundling” cable channels. Spectrum’s claim that it’s all about offering “greater customer choice” must be some sort of a gag. ![]() Disney deeply values its relationship with its viewers and is hopeful Charter is ready to have more conversations that will restore access to its content to Spectrum customers as quickly as possible.”ĭo you buy either of these statements? Me neither. But TCM’s new owner decimated its top staff, prompting cinephiles and historians to lament its passing.ĭisney, in its version, says its channels “are blacked out due to a dispute between Spectrum’s parent company - Charter Communications - and Disney Entertainment. Turner Classic Movies is not just a channel it’s a shared cultural legacy. ![]() Business Column: How profit-driven turmoil at Turner Classic Movies placed a vast cultural heritage at risk ![]()
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