Charter:  John Malone’s Return to The US Cable Industry

September 4, 2015 Moats 10 Comments

“It’s the law of nature. Big bubbles get bigger, small bubbles disappear — it’s surface tension, the law of physics; and in business it’s scale economics. It had to happen.” -John Malone For twenty-four years, from 1973 to 1996, Malone…

Continue Reading

Discovery Communications & the Uncertain Future of Pay-TV

July 15, 2015 Moats 11 Comments

For years, even as the Internet razed much of the profits at newspapers, magazines, books, and music labels, cable-TV networks kept making big money. More recently, as consumers shifted their viewing time from live television to various on-demand options, anxiety…

Continue Reading

Why Did John Malone Invest in Lions Gate?

June 2, 2015 Moats 15 Comments

Just like making movies. God help us if we think we can pick winners and losers when it comes to making movies. Even the good guys don’t know how to do that. There are certain fields, in my experience, that…

Continue Reading