I’m as angry at my cable bill going up as my gasoline bill. And I have a right to neither. So to all of the socialists that seem to occupy office buildings in Washington, DC these days (yes you, Schumer and McCain)… why don’t you go after your buddies at Big Cable with as much earnest as you want to Big Oil.
Media conglomerate Time Warner Inc. reported Wednesday that its first-quarter profit climbed nearly 60 percent, driven by growth in its cable TV division and gains from the sale of its book group and other assets.
The New York-based company, whose holdings include Warner Bros., the Time Inc. magazine publisher, CNN and HBO, earned $1.46 billion, or 32 cents a share, in the first three months of the year, up from $915 million, or 19 cents per share, in the same period a year ago.
Is Big Cable “investing” their profits to find new ways to deliver HDTV to my home? I doubt it.
Look, we either live in a free market economy or we don’t. You can’t have it both ways.