How Verizon and AT&T Can Upend Cable TV
The cable industry has lost about 25 million subscribers over the last five years and cord-cutting seems to be accelerating. The bundle that drove record profits for media companies is evaporating before our eyes. But that doesn't mean media is going anywhere and with streaming proliferating it's likely a new bundle emerges.
In this video, Travis Hoium makes the argument that telecom companies like (NYSE: VZ) and AT (NYSE: T) are uniquely positioned to rebundle cellular service with streaming TV.
*Stock prices used were end-of-day prices of Sept. 24, 2023. The video was published on Sept. 26, 2023.
Source Fool.com
Verizon Communications Inc. Stock
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