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Cable companies lose TV subscribers, but rake in more cash
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One of the biggest television news stories over the long weekend didn’t really have a lot to do with television as we’ve come to know it. Instead everybody was talking about Netflix. The streaming media company debuted the fourth season of cult comedy TV show Arrested Development on Sunday.
But while cable companies seem to get more competition from the likes of Netflix all the time, they’re still better than ever at bringing in cash — and the most recent earnings from big cable providers prove it.
Derek Thompson, business editor at The Atlantic, joins Marketplace Tech host Ben Johnson to discuss the details.
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