Cable television is going down. Comcast is the first to jettison the dead weight. NBC Universal is the NBC Broadcast network and Universal Studios. Bravo and Peacock are part of the spin off. In 1980, Bravo was originally a performing arts network. Now it’s huge in reality TV. Its programming is cheap to produce, attracts viewers and is very profitable. People love to binge Peacock shows.
Cable is dead
There are so many other channels to choose from. The company put out a statement, “Comcast Corporation today announced its intent to create a new publicly traded company comprised of a strong portfolio of NBCUniversal’s cable television networks, including USA Network, CNBC, MSNBC, Oxygen, E!, SYFY and Golf Channel.”
Bravo and Peacock will be kept. “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.”
Cable has gone off the rails
Those that are getting dumped are due to stock prices. The death has been documented for about a decade. With so much streaming being available, cable and satellite TV are declining. Comcast needed to dump the withering assets.
For years people were forced to pay for huge cable TV packages with channels that never got watched. If you wanted TV that’s what you did. Channels people wanted only came with a package of channels nobody wanted.
Cable needs to be buried
Whether you watched them or not, part of your bill went to those hate filled channels. CNN couldn’t survive based on merit alone. Not enough people watch to warrant their advertising so it was subsidized through CSTV with something called a carriage fee.
CSTV can’t compete with streaming. It’s much cheaper and you can watch it whenever. Even the streaming ads are nowhere near as bad as the awful 20 minutes per hour CSTV subjected viewers to. CSTV now has about 60 million subscribers. At some point, production costs are going to outweigh what comes in. This election proves their relevance is gone.
