Cable worried about poverty, not Netflix

http://www.reuters.com/article/2011/06/14/us-cableshow-idUSTRE75D6IA20110614

Excerpt:

Bernstein Research analyst Craig Moffett, one of the analysts who has
written extensively about the poverty issue, said the cable business
was a "rigged game" that allowed programing fee hikes to be passed on
by operators to consumers with impunity.

"That has been a wonderfully attractive model for a generation, but
the danger, of course, is that eventually the video product will be
priced into irrelevance for lower income consumers," said Moffett. "I
don't know when it will happen, but I suspect we're already perilously
close."

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