Cord Cutting Is Accelerating, and Wall Street Is Noticing

Episode 1209 (48:09)

This week, Wall Street punished cable companies in trading as news came out that so called cable cutting or cord cutting, is accelerating faster than anyone expected. On top of that, investors and Cable companies are learning that the next generation of viewers aren't watching TV at all. They're watching YouTube. And that's got cable companies and TV broadcasters mighty nervous. But ISPs are jacking up the price of internet to the point where cord cutters aren't saving anything to cut the cable, especially when you add additional services like Netflix, HBO Now and others. Prices are going up no matter where you're getting your entertainment.

Apple knows is, as they're working to turn AppleTV into a live streaming device. Leo says we're heading that way, regardless of whether the old school market likes it or not.