Cord-cutting, in which (usually younger) pay-TV subscribers walk away from cable and embrace new ways of accessing media, has been a known phenomenon since at least 2011. But it’s been a slow-rolling snowball, even as services like Netflix soar into the stratosphere. This year, however, it seems that Wall Street traditionalists have finally caught on to the change, and they’re not happy.
We told you last week that even though the initial public commenting period for the Comcast/Time Warner Cable merger has ended, the FCC is still talking to various media companies — including Discovery, operator of seemingly countless cable channels — to get their insights on the deal. Now the details of Discovery’s anti-merger arguments are being made public. [More]
New kid-centric cable channel The Hub hasn’t even debuted yet, but it’s already receiving a lot of criticism from parental and consumer watchdog groups, not because its programming is too violent or racy, but because it’s co-owned by toy and game giant Hasbro.
Mythbusters host Adam Savage is retracting comments he made at a hackers conference where he said an episode exposing security flaws in credit card RFID technology was squelched by credit card company lawyers. In a new statement Adam says, ” If I went into the detail of exactly why this story didn’t get filmed, it’s so bizarre and convoluted that no one would believe me, but suffice to say…the decision not to continue on with the RFID story was made by our production company, Beyond Productions, and had nothing to do with Discovery, or their ad sales department.”