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

  • Issa Rae, Natasha Rothwell and Yvonne

    'Insecure' Season 3 to Introduce New 'Timely' Show Within The Show

    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 […]

  • Kathy Griffin Trump beheading photo

    Kathy Griffin Details Fight With Ellen DeGeneres, Talks Fallout From Trump Photo During Comedy Tour

    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 […]

  • Ryan Murphy Pose

    Ryan Murphy on 'Showrunning as Advocacy' and the Post-Me Too 'Age of Enlightenment'

    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 […]

  • 'The Sinner' film premiere

    Jessica Biel Closes Her Kid-Friendly Au Fudge Restaurant

    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 […]

  • Comedy Converstion with L to R:

    Just for Laughs Festival Honors Tiffany Haddish, Hannah Gadsby, More

    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 […]

  • Paul Krassner Memoir Illustration

    Paul Krassner on Resisting With Humor

    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 […]

  • Just for Laughs Festival Montreal

    Just for Laughs Festival Is the Coachella of Comedy

    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