Down goes cable!
Matthew Martin 9/19/2013 03:53:00 PM
Of course, network shows were always available for free in real time, and still are--now in HD to boot! But I digress.
I have previously weighed in on the economics of cable TV pricing, noting that a per-channel pricing structure, instead of bundling, would save a lot of customers a lot of money. One thing I want to point out, though, is that this result is only true if we assume that the cable provider acts like a monopoly. It now appears that the cable monopoly is unraveling due to healthy competition from the internet (no thanks to satellite TV, which as far as I can tell did nobody any good ever). The era of over-priced television is over.