1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Grass Hopper
Grass Hopper
Articles (550)  | Author's Website |

John Malone - Exclusive Interview with The Denver Post

July 30, 2013 | About:

Billionaire John Malone's re-emergence in the U.S. cable business is a bet on the growth of broadband, and he believes the industry can soon deliver speeds that are at least 10 times faster than the connections available to the majority of Americans today.

In an exclusive interview Friday with The Denver Post, Malone also said residential high-speed Internet service will ultimately move to a tiered-pricing model that's similar to the wireless industry, where fees are based on the amount of data consumed rather than speed.

Malone's Liberty Media, a communications and entertainment conglomerate based in Douglas County, completed a deal in May to acquire a 27 percent stake in cable-TV provider Charter Communications for $2.6 billion.

The investment, which marked Malone's return to the U.S. cable industry after more than a decade, was spurred, in part, by the anticipated surge in demand for broadband capacity as consumers view more online video.

"In prime time, about half of all the traffic on the Internet is Netflix or Amazon — in other words, it's video," he said. "As that trend continues, the need for greater capacity on the local distribution of the Internet really favors cable, and our belief is that cable will be able to charge more for higher speeds and greater capacity."

Continue reading here.

About the author:

Rating: 3.1/5 (7 votes)


Please leave your comment:

Performances of the stocks mentioned by Grass Hopper

User Generated Screeners

Kbannon77All Stocks US
Kbannon77All Stocks
opadovaniP median2
carter2u2Small Cap No Debt
bkw82Predictable/ebitda 10/52 week
pbarker46Hist. High Yield
andrewgu999valleylink - gogogo
DBrizanROTA ultimate18nov2017 1041p
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat