Ron, I didn't mean to say the BB progression will stagnate for 12 months, only the stock price. ATHM will reach 1 mill sub by the end of this year and they stand a good chance of making it in black, nothing can stop that. But the stock is another story, the price is all emotionally charged. If, like I said, the rumors are only used to achieve certain agenda of T/ATHM, then probably no significant news may come out within 12 months except that investors will hear steady increase of subs and revenues, possibly earnings.
The fact remains that TJ and GB are obviously happy with the state they are in, they have the pipe, exclusivity contracts and the content potential offered by Excite. And in the next few years the demand will still surpass supply, the cable sub increase is almost a given. Why would ATHM need to change structurally?
The rest of the MSOs, i.e., Cox, Comcast are happy with ATHM also. They are not demanding a structural change either.
The only problem is with Leo Hindrey, who doesn't have confidence in E@H and wanted to change it from a exclusive content provider to a dumb pipe so that Yahoo and AOL can show up.
Even Armstrong may not be in agreement with Leo Hindrey. It appears that Armstrong is more often showing up with TJ than with Hindrey. Wasn't it rumored a while ago that Hindrey may step down? That means Armstrong is not in sync with Hindrey.
Probably nothing will happen. |
