You will be redirected back to your article in seconds

Alternate TV distrib’n not feted

NEW ORLEANS – Wall Street is becoming “more comfortable” with television stocks, but the outlook for once-promising alternate distribution methods for programming is less certain.

That was the view of a finance panel Wednesday, where four entertainment-industry analysts offered largely consistent views that huge gains by satellite TV, telcos and even cable in traditional broadcast TV are unlikely.

Depressed cable stocks “will see a bounceback, but not much,” said Schroder Wertheim analyst David Londoner, given “long-range problems.”

Jessica Reif of Merrill Lynch said satcasters’ early gains came from wealthy customers who are “not really indicative of the U.S. as a whole.”

Telcos have “talked a lot but done very little except lose close to $1 billion” with Tele-TV and Americast, Reif said.

David Doft of Furman Selz said interactive/broadcasting hybrids like MSNBC aren’t too promising either, except for delivering news: “People watch television because they don’t want an interactive experience; they’re couch potatoes.”

All four panelists predict DBS subscribers, now at 3 million, will double by 1998, still a modest proportion of total households, while cable subscriber growth will be moderate, with increases of 2% or less by then.

Earlier at the morning session, kidvid legend Fred Rogers was presented with NATPE’s 1997 chairman’s award by Beth Sullivan, exec producer of CBS’ “Dr. Quinn, Medicine Woman.”

More Scene

  • Palm Springs Where to eat Drink

    Palm Springs Hotter Than Ever: Places to Eat, Drink, Stay

    NEW ORLEANS – Wall Street is becoming “more comfortable” with television stocks, but the outlook for once-promising alternate distribution methods for programming is less certain. That was the view of a finance panel Wednesday, where four entertainment-industry analysts offered largely consistent views that huge gains by satellite TV, telcos and even cable in traditional broadcast […]

  • Steven Spielberg Meryl Streep Tom Hanks

    Steven Spielberg, Meryl Streep, Tom Hanks on Why 'The Post' Resonates in Trump Era, #MeToo Movement

    NEW ORLEANS – Wall Street is becoming “more comfortable” with television stocks, but the outlook for once-promising alternate distribution methods for programming is less certain. That was the view of a finance panel Wednesday, where four entertainment-industry analysts offered largely consistent views that huge gains by satellite TV, telcos and even cable in traditional broadcast […]

  • 2017 Ripple of Hope Awards

    Why Alfre Woodard Thinks 'Everybody Gets Left Out' of Film Awards Race

    NEW ORLEANS – Wall Street is becoming “more comfortable” with television stocks, but the outlook for once-promising alternate distribution methods for programming is less certain. That was the view of a finance panel Wednesday, where four entertainment-industry analysts offered largely consistent views that huge gains by satellite TV, telcos and even cable in traditional broadcast […]

  • 'Father Figures' film premiere

    'Father Figures' Premiere Raises Funds for Southern California Wildfire Victims

    NEW ORLEANS – Wall Street is becoming “more comfortable” with television stocks, but the outlook for once-promising alternate distribution methods for programming is less certain. That was the view of a finance panel Wednesday, where four entertainment-industry analysts offered largely consistent views that huge gains by satellite TV, telcos and even cable in traditional broadcast […]

  • 'Grown-ish' TV show premiere

    A Meme Inspired 'Black-ish' Spinoff 'Grown-ish,' Creator Kenya Barris Says

    NEW ORLEANS – Wall Street is becoming “more comfortable” with television stocks, but the outlook for once-promising alternate distribution methods for programming is less certain. That was the view of a finance panel Wednesday, where four entertainment-industry analysts offered largely consistent views that huge gains by satellite TV, telcos and even cable in traditional broadcast […]

  • 'Bright' film premiere

    Will Smith Discusses 'Bright's' Racial, Social, Allegorical Undertones

    NEW ORLEANS – Wall Street is becoming “more comfortable” with television stocks, but the outlook for once-promising alternate distribution methods for programming is less certain. That was the view of a finance panel Wednesday, where four entertainment-industry analysts offered largely consistent views that huge gains by satellite TV, telcos and even cable in traditional broadcast […]

  • 'Pitch Perfect 3' film premiere

    Elizabeth Banks, Rebel Wilson Celebrate Women's Empowerment at 'Pitch Perfect 3' Premiere

    NEW ORLEANS – Wall Street is becoming “more comfortable” with television stocks, but the outlook for once-promising alternate distribution methods for programming is less certain. That was the view of a finance panel Wednesday, where four entertainment-industry analysts offered largely consistent views that huge gains by satellite TV, telcos and even cable in traditional broadcast […]

More From Our Brands

Access exclusive content