Comment by sbarre
9 days ago
What you pay(paid) for cable TV was never enough to actually cover the total cost of the service you were receiving.
You were splitting that cost with the advertisers.
This is not a defence of advertising, just a reality check on this bad example.
This might be true if cable companies did not make a profit.
In the US, at least, I think the lack of competition (almost monopoly pricing in most areas) has led to exactly the opposite situation - plenty of profits for the cable providers.
Do you have evidence for the claim that the monthly fees are not enough to cover the cost of providing the service?
I tried to find numbers but couldn’t, so I’m left with a macroeconomic argument. Better details would be welcome.
It was enough when cable companies were new. And your argument fails because entertainment is not priced to cost anyway.