Just another CEO sucked in to continuously padding out the company growth to please the stock market and he took his eye off the ball while doing it.

Because he had a seemingly unlimited credit line he invested heavily in new print infrastructure just as it was becoming obvious the net would soon make it all obselete. You’d have to look at his books to find the figure invested in newsprint plant in the last tow decades but it is a mountain of debt to service. He painted himself into a corner, with print becoming redundant, the new printing plants can now only be written off and maybe sold for land value.

And there’s more to cable subscription dying than bit torrent and the economy. His ‘package’ deals have become so loaded and the programming such repeated rubbish it’s obvious that business has been dying for years. Funnily enough consumers don’t like being forced to pay for sh*t they don’t want. What sort of business model spends cubic millions advertising for new subscribers but harrasses it’s long term customers to the point they disconnect?

Rurpert has idiots running his companies!