Nolte: Comcast Dumps Cratering MSNBC and Other Dying Cable Channels

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Nolte: Comcast Dumps Cratering MSNBC and Other Dying Cable Channels
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With the inevitable death of cable TV accelerating, communications giant Comcast has decided to cut its losses and separate from MSNBC and other cable networks.

Also spinning off into the new company are the “complementary digital assets including Fandango and Rotten Tomatoes, GolfNow and Sports Engine”“The planned spin-off will also strategically position NBCUniversal with its leading broadcast and streaming media properties, including NBC entertainment, sports, news and Bravo – which all power Peacock – along with Telemundo, the theme parks business and film and television studios.

As more people cancel their cable and satellite TV subscriptions and move to streaming, the value of these cable channels will decrease and hurt the parent company’s stock price. By holding on to its most valuable assets and dumping the dying ones, Comcast’s stock price is free from the drag that is CSTV.

The most obscene part is that whether you watch or not, you are subsidizing hate outlets like CNN and MSNBC. A piece of your monthly cable bill goes directly into their pockets. CNN could not survive in a merit-based system. Too few people watch CNN for it to make any real money from advertising. So, CNN is subsidized through the affirmative action of CSTV where tens of millions of Americans send CNN hundreds of millions of dollars through their cable bill every year.

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