Some views about I-cable communication (1097)史兄
2017/3/10 — 14:03
Some views about I-cable communication (1097)
1. Lehman brothers haven't gone bankrupted yet when I-cable made a profit for the last time (year 2007).
2. Revenue lost by almost one-third in 2015 vs 2006.......of course the difficulty in cutting services make people hesitant to join in the first place.
3. Loss was around hkd$200 mn in the past two years. Not a huge sum of money for rich people (that is not u and me). $2 bn plus annual lost of $200 mn for a paid tv......doesn't seem much for rich people.
4. If it were 2010, jimmy lai would be interested in buying I-cable at like $3-$4 bn (whether the seller is interested in selling to him is entirely another issue). But given nextmedia has aggressively proceeded to Internet, very unlikely for jimmy to buy i cable NOW (not to mention that government approval is unlikely). The synergy between paper and tv media are yet to be proven in hk (the nowtv x 信報 is the only example found but there is no synergy at all).
5. Market cap for hktv (1137) is only $1.1 bn ($1.2 bn for i cable). I-cable is a paid tv, and this is not exactly what wiki Wong needs (free tv). So not likely for wiki Wong to purchase......
6. Let's accept this : the influence of tv (and long time ago radio) is on the decline. Tvb has also returned the paid tv license earlier this year. Viewership on tvb core and its profit on the declines. Viutv does not and will not get any profit. I don't have a tv at home. Radio, paper media and then tv, the mass media and mass entertainment are dead. There is not single force or trend that could influence a majority of population for over a week (vs 「對你愛不完」呢首歌玩足幾乎成年） .
Either u go low (free newspaper with literally no content except a 20 word headline), go red (everyone), or go professional or niche market (factwire as a good start).
I love icable tv especially it's news. This is the reason my gf pays for icable despite knowing the difficulty of cutting the services (even someone who killed a lot of police cannot).
But no tv could survive with a newsroom and only with a newsroom. This is the harsh reality. Most simply want to consume the news without paying a penny.
For those who are working at i cable news, please seriously consider starting a factwire like news agency. I guarantee You will have my small financial support. Quit the job asap. It is not a time to talk about loyalty when the company betrays you first. No one really remember what atv staff did now - you know what, atv closed for less than one year.
Lastly, the withdrawal of financial support and guarantee from its group is in effect killing the company. Directly and completely. This is common sense. A bit of self-fulfilling as we have seen this from atv. Really disgusting. A big betrayal.
Disclaimer : this is not any stock recommendation. Investors should evaluate their risks and consult suitable professional advice before making any investment.
I don't own any 1097. Some 282, and a lot of 1137.