Huge cable and internet phone provider faces Chapter 11 bankruptcy
The company has skipped a key payment due to a troubling government investigation.
It's now no longer a perfect time to be a cable firm in a big sense.
For an extended time, cable had kind of two monopolies. First, it changed into once the single exact likelihood if you occur to wanted an expanded universe of channels.
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Sure, you may maybe most definitely bag an feeble-college huge satellite tv for computer dish and procure feeds from other countries, however until you spoke a pair of languages, that wasn't a viable exchange.
As well to, when most main cable companies expanded, they needed to use millions to wire every market. In commerce for doing that, they asked for (and in most cases obtained) exclusivity.
To begin with attach apart, they agreed to a pair pricing caps, however by the 2000s, those started going away. Cable costs had been excessive because folks had no selections and, to paraphrase the Eighties, "wanted their MTV."
Now, on the other hand, the cyber web has made cable less wanted and never more outlandish.
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