In a speech to cable executives, Federal Communications Commission chairman William Kennard called for an industry agreement on carriage of digital-broadcast signals if the parties want to preclude a role by the FCC.
....Kennard called on the cable industry to support the agency�s efforts to promote cable competition, including support for local-signal carriage by direct-broadcast satellite carriers and for new program-access rules "that work better."
Cox Communications Inc. Tuesday announced its definitive agreement to buy control of Prime Cable�s 319,000-subscriber Las Vegas system and related assets for $1.325 billion in cash and stock.
Something is wrong here... companies are paying billions for about a quarter million or around that figure for regional cable companies. Here you have DISH covering most of the US, with a larger subscriber base than most regional cable companies... and the market cap of this stock is about $350 million only?
Those regional cable companies have just been adding subscribers longer, thus have more cash flow, even though they are just regional. Considering that they all lose money, it really is obvious that cable cos. market caps are based on revenues, not earnings.