The company's guidance for domestic
cable affiliate revenue dropped to the high - single - digit range, which is still pretty appealing.
Excluding the effect of the deferred revenue recognition last year, domestic
cable affiliate revenue was up 12 %.
Not exact matches
In a nutshell, this means that TV - related companies who rely on advertising
revenue to support their businesses need to be re-valued by investors, and that even those who depend primarily on
affiliate fees from
cable distributors — a group that would include ESPN — have likely been over-valued.
Concerns about such a knock - on effect on Viacom of the decline in traditional
cable TV subscriptions deepened last quarter, when Charter Communications Inc moved five of its flagship networks to its most expensive programming tier, a move that will likely result in lower
affiliate revenue for Viacom.
We now expect this lower
affiliate revenue and the multiyear impact of foreign exchange rates to moderate our
cable operating income growth to mid single - digits during the fiscal 2013 to 2016 period.
But such deals for big media companies won't go far enough to replace the falling dual
revenue streams of
cable affiliate fees and advertising, Khan added.
We generated approximately 84 % of our
revenue in 2007 from
affiliate fees paid to us by
cable, satellite and telecommunications operators, which we refer to as distributors.
In Q4, Walt Disney Co's
cable networks business reported a $ 207.0 million decline in operating income to $ 1.4 billion, led by ESPN, which «reflected lower advertising and
affiliate revenue and higher programming and production...