ViacomCBS CEO Bob Bakish Just Gave Cable TV Another Reason to Sweat
As if able companies like Comcast (NASDAQ: CMCSA) and Charter (NASDAQ: CHTR) didn't already have enough to worry about, with the cord-cutting movement that's chipping away at their business, now there's another threat that appears to be here to stay.
Some of the very studios and production outfits supplying cable with video entertainment content are now direct competitors. They're not just competing for consumers' attention, though. They're also competing for advertising dollars that have historically accounted for a huge part of cable TV's business.
What's more, these film and television studios appear to be winning the war on this front as well.
Source Fool.com
