I cut cable years ago, so it's always surprising to me to discover that cable television is still ridiculously profitable. So profitable, in fact, that according to Deadline Hollywood (link below) they lead the industry in profitability. I think there's one simple reason for that too... Bewbs.
Cable operators collectively will end this year with cash flow (EBITDA) margins of 41.3%, up from 40.7% last year — not including Comcast, which is categorized as a conglomerate. It’s the best performance cable has generated in the last five years (the period covered in the report).
So what does all of that mean? It means that the cable companies are raking in record profits and laughing all the way to the bank. Thankfully the cable networks are producing the best television in the history of the medium, and what's more, giving us a record number of bewbs. I mean, just look at all the bewbs...
I think I even spotted some bush in with all those bewbs. Fine work, cable. Keep it up.