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Cable's Lost Its Appeal

by Jim Cramer

Can you believe this downfall of cable? It's amazing to me that you could have a company like Comcast (get a load of that awful earnings report) or Time Warner just drip down every day even though there is no real sign that the dish or Verizon or AT&T is making that much progress in taking share. More important, there is real evidence that cable's still getting more and more out of each customer. But it has never mattered. Cable was meant to be a monopoly. It is why we were always willing to own the stocks. Because as long as it was a monopoly, as long as they were the dominating basic service suppliers of the future, you could own them. Now we have enough competition that they have to pay up for programming. Now we have enough in the ether to watch -- as Pali Research...

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