Broadband is the “key” driver of the investment thesis in cable today. However, the risks to achieving broadband subscriber growth and broadband revenue growth projections are increasing by the day. The cloud over cable stocks will be exacerbated by attacks on coming White House and FCC actions by a new Congress and through the court system. In the end, this may not end badly for cable stocks, but the near-term risks are simply too large to ignore – they have to weigh on valuation multiples.
Media +Technology Intelligence
