What makes that economic model feasible?
Cable television is, at the end of the day, pay television. In cable, while you’re not thrilled when people DVR it, it’s pay television. They’re paying their cable bill and a couple of cents are going to us. So if they skip the commercials, that’s part of the deal, because at the end of the day, you want that person who pays their cable bill to feel like they got something special for paying for programming, as well as the cable service. And the broadcast networks don’t have that second revenue stream to play with. Q: They’re trying to figure out how to get a second revenue stream by streaming episodes online. A: And while that’s certainly laudable, I don’t think anyone thinks you can make nearly as much on a stream with a couple of 15- or 30-second commercials. Q: The advertising model is being upended, and DVR penetration is only going to increase. How is the economic model of broadcast television sustainable in this environment? A: Uh, I’m not that smart. I’m sorry. I feel their pai
