«Our conversations with investors certainly indicated a «have» and «have not» view of media
stocks domestically, with [bigger companies](the Haves) able to leverage their large breadth of
content into something near full carriage on emerging
distribution packages like YouTube TV, perhaps at the expense of the Have Not [small to medium companies],» RBC analyst Steven Cahall wrote in a note to clients Monday.
When we bought the
stock in 2015 we believed that the company's popular nonfiction video
content was ideally positioned to leverage the global
distribution capabilities of streaming technology and would profit even as streaming video conquered the traditional cable TV bundle.