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General discussion

Whats best way to measure a bad economy? Cable TV

Nov 13, 2013 9:54PM PST

Yep, the last luxury or not needed item people ever give up is their cable TV service. When you see cable TV subscriptions start dropping this fast, you can be sure that no matter what the official govt figures are showing, the economy is tanking anyway.

"Well, there goes the economy!"

" The cable TV business just had
its worst year ever, according to Wall Street media analysts Craig
Moffett and Michael Nathanson. Providers of TV, broadband and phone communications lost 687,000 subscribers
during Q3, they wrote in a recent note to investors. They gained
574,000 new ones, for a net loss of 113,000, according to the LA Times:
"The pay-TV industry has reported its worst 12-month stretch ever," Moffett and Nathanson wrote.
The TV and broadband business is stuck in a suicidal business model,
the pair suggests. Although the cable and broadband business is losing
customers, its total revenues are rising. The remaining customers are
paying higher prices for ever-more costly bundles of premium TV channels
and high-speed internet access.
The cord-cutters are the ones who can no longer afford it all."

Discussion is locked

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It's more than that.
Nov 14, 2013 2:29AM PST

Young people are not buying televisions, getting cable and well, other things. The priorities have changed and to use cable subscriber counts as a metric to the economy would be off the mark.

There are good studies about this change but cable companies tend to miss this change. Look at their management and you find folk that may be out of touch with their prospective clients.
Bob

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someone I sent to in email
Nov 14, 2013 2:43AM PST

remarked maybe they switched to satellite services, but when I checked other links from that page, seems the information includes the satellite TV services too, not just cable TV. I myself have considered going to open broadcast and just keep high speed internet to catch up on anything using online, which we missed not available in open broadcast. The prices keep going up, while the special subscriptions required for more channels also increase, resulting in less product on cable for more cost.

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It's complicated but I see it here.
Nov 14, 2013 3:38AM PST
http://finance.yahoo.com/blogs/the-exchange/real-reason-millennials-don-t-buy-cars-homes-153340750.html covers it from a few angles but beyond the changes where they watch and connect on 4 inch screens, I want to toss up the student debt item.

With the change from students exiting with fairly low debt levels to much higher that disposable income is a fraction of what it was so cable being what it is, would be on the budget chopping block. Along with soda, cars, homes and more.

Higher education costs along with the other reasons are making an impact.
Bob
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One reason I insisted
Nov 14, 2013 5:39AM PST

my two oldest get an AA 2 year degree from community college first. That puts you into your major at the university the next year with them not being able to cheat you of credits or requiring extra courses which wouldn't apply toward one's major. It's amazing the pay some "professors" get at universities for courses that shouldn't even have the first student wasting their time in, but often required if for nothing more than social propaganda curricula pushed by liberal policies. Just the titles of some are extremely offensive in my opinion. My girls opted for the "health related" requirements as an out to avoid the propaganda courses now pushed even in Community Colleges.

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Take this but no credits later
Nov 14, 2013 6:03AM PST

When it comes to any CC course and even reg. college, that quagmire of course is full-up of whatever. But, I'm sure its more about getting more money out of the pockets and providing another checkmark of required courses. Yeah, some are very dubious but then its more about the bottom line. Heck, the study materials are by themselves so dang expensive excluding the "used" outlets sources. Even those even wasted because they change so much. It really bugs me when I transferred from one college to another, that some didn't count or weren't allowed. I go for several course and had to move to follow the job(s) to remain employed it really bugged me not getting the credits I earned not recognized. off soap box -----Willy Happy

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real stink a few years ago at a CC
Nov 14, 2013 9:11AM PST

a college transfer program supposedly tailored for the nearby university turned out not to satisfy all the first two years credit, particularly in those very areas you mention, general courses.

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Small world.
Nov 14, 2013 6:34AM PST

My son is doing the CC now and "what a savings."

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I've a sister-in-law who was born in Cuba
Nov 14, 2013 7:04AM PST

She speaks fluent Spanish. Her college study here had a choice of electives, one of which was foreign language and Spanish qualified. She asked to just take the proficiency test and get credit but was refused. She would need to pay for the course...no way around it. She could have taught the course. No pay, no points. Crazy... Happy

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(NT) crazy like a greedy fox of course it worked out that way
Nov 14, 2013 9:12AM PST
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and as the prices rise, more can afford them
Nov 14, 2013 9:08AM PST

I wonder how the satellite people are doing.

Besides now many use Hulu etc to watch many things they don't pick up free over the air or even to replace recording and watching later. And even at that laptops are giving way to tablets, phones, and the so called phablets.

I will agree some are giving up cable because of personal economy, even fear over the general economy. But I think many are replacing cable or satellite TV with internet access to programming and all else on the net.

I changed from cable to Direct and internet with phone company. Phone, satellite, and internet now is roughly $60 less a month. The Direct DVR is more capable than the local cable companies too. More storage, handles more programs at one time. Question, if you record 3 or more programs at one time, when do you expect to watch them?

Of course, I'm fortunate that there is a switching station near enough that I get good speed over the phone line. Not as fast as cable could be but the cable reliability here was decreasing, and the service was getting worse. It took them 20 days after I reported internet problems before they got it fixed. Roughly a week and half for the first guy to come out, it was an area problem so he had to "refer it up". Another week and half till it finally started working reliably again. Less than 2 weeks later it hiccupped again a few times and I called the phone company.

I almost mounted a roof top large antenna and did away with tv except over the air. Without a rotor here but a long antenna I'm pretty sure I could get ABC, NBC, CBS, FOX, and PBS. Only a few programs not network do I normally watch. I could always Netflix them a season behind even if they weren't available online the next week.

Maybe if I did that I'd start reading more again. Even pure entertainment reading of anything would probably do you more good than good tv watching.

Cable companies having been losing turf for a few years now I suspect. Even out here in the sticks the phone company is making inroads into the cable.

Whatever happen to the high speed internet over the power grid we were all suppose to be getting.


I almost mounted a roof top and did away with both cable and satellite and just use phone and phone internet.

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I currently use double play
Nov 14, 2013 12:51PM PST

dropped the phone service of triple play and plugged in a Magic Jack Plus between my router and a wall jack. Bought a Panasonic DECT6 four phone system and run it plugged to the splitter on the same wall jack the MJ+ is on. Best phone reception I've ever had here, far better than the old copper. Saved myself about $35-45 per month. There are some channels only available on cable TV, so I keep that instead of just doing open broadcast and then catch up online.

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I've considered such, but unless I gave up
Nov 14, 2013 7:48PM PST

cable and satellite tv, the packages keep me on the phone.

And I think it was you who posted the story about a 911 call from someone that had just moved to Japan was initially identified as their former address. One of the better things about Telco company.

If my signal for cell was just a bit stronger, I'd consider doing cellular phone only and using it for a hot spot. During better spells, it's acceptable, but the signal isn't always good enough.

Besides the bundle I got with the Telco for internet and phone included nationwide free long distance like a cell phone in that $60 saving price. That's nice because the land line and phone sets are a bit clearer and comfortable to use than the cellular.

Magic jack would be cheaper if I did internet alone with one service or the other. I'm lucky I live close enough to Telco switching station to have to option. Out here, some people only have one of either Telco or cable, cable doesn't cover everywhere. And the Telco is often pretty slow for those "out back" enough where cable isn't even offered because too far from a switching station.

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The only real measure...
Nov 15, 2013 2:15AM PST

Is "food". if there isn't enough food or access to it, then things get hairy. In no uncertain terms, people will do whatever it takes to be they have something, anything. What that all means when it really gets bad, you have roits or plain civil disruption of many sorts. Before that, you needs by the people to fill their bellies. If you can't see the measures to see that then it will manifest itself. I suggest you look at food prices and generally what basic foods get eaten or brought. Once a clear view of the types of foods and basic food groups , etc, gets analyzed, you find what it really becomes the welfare and I welfare as in the full populace of any place.

So, if you see items like bread and peanut butter fly off the shelf and meats and poultry get reduced, etc, you start to see a trend. Items like soda pop and maybe sweets in general may take off or slow down outside of seasonal trends,., etc. again if some items don't match what was typical then it becomes more clear to those looking. It certainly wouldn't hurt to understand people moving to chase jobs as well so they can afford to feed themselves, otherwise they're stuck to the uncertainties of their home location. If food banks get hammered, that's a good sign of food needs and if new people showing up that as well. -----WIlly Happy

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(NT) many food banks have been short for over a year
Nov 15, 2013 7:05AM PST
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The call has been...
Nov 15, 2013 10:06AM PST

Gone out for many food banks to get their stocks up and replenished. The farm produce even using a pgm. that gleams the last bits left out in the fields, etc.. Also, the bread returns and all that can't keep up in hard times or typical seasonal pressures. If I recall right more than in the last 5-6yrs. food banks have practically dealt with low stocks too often. Heck, they even have a small CC food bank for college kids to include clothing if they need it. It is hoped what they save in those handouts provides the leverage to maintain continued attendance at class and brain power to match. That their health may not be comprised etc., but it seems its all across the board for everyone, food banks get low too often too quickly and new clients are showing-up. It's a guarantee that when a plant closes down, idles or moves, that new clients are bound to show-up in short order. -----Willy Happy

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(NT) and this season, the overnight shelters fill up too
Nov 15, 2013 8:41PM PST