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Stock impact report

Huge sports TV network faces Chapter 11 bankruptcy, liquidation [Yahoo! Finance]

News Corporation - Class A (NWSA) 
Last news corporation - class a earnings: 2/6 04:45 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.newscorp.com/investor-relations
Company Research Source: Yahoo! Finance
Cord-cutting, the process of people dropping the traditional cable bundle in favor of a la carte streaming services, has had an unintended consequence, however. As more customers drop cable, your favorite cable channels get less money from what subscribers used to pay for a traditional cable subscription. Under the old system, people paid a small amount for every channel in the bundle. That meant I subsidized channels you like, and you paid for ones that you may never watch, but that I like. It was, in many ways, a mutually beneficial system, but those days are over. "The traditional pay-TV sector saw a decline in subscriptions for the ninth consecutive year, according to a new report from S&P Global Market Intelligence. The decline was largely due to cord-cutting, with penetration dropping from over 80% in 2011 to 34.4% by the end of 2024. This shift reflects a broader consumer preference for streaming services over traditional cable, S&P said," TV Tech reported Fewer subscri Show less Read more
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