It surprises me when people think the issue is network capacity. It should be blatantly obvious by now (particularly in light of the recent discoveries in canada regarding UBB, where they are claiming it's necessary for congestion, but even at peak usage rarely cross 30% capacity) that this has nothing at all to do with capacity, the networks have plenty of it, and they're rolling back investment in it.
The simple facts are that they want to provide their own services over the networks and the want to lock-out competitive offerings. You will notice that they almost never (actually AFAIK completely never) count their own offerings toward caps or usage, additionally in markets where there are competitive offerings for last-mile connectivity UBB and data caps are significantly more lenient, if at all present.
What the statement should have said:
"We're loosing the middle-to-low income 40 year olds who make up the core of our audience as well as the youth demographic with disposable income who define where an industry is going, we are in very deep doo doo."
Of the many people I know who have cut the cord (& myself), the common characteristic is that none of them are big sports watchers. As soon as cable looses sports, they're done.
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