Word: continente
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By consolidating a debt-ridden, fragmented European cable industry worth $70 billion, he thinks he can achieve the economies of scale in programming, equipment and marketing that helped turn TCI into such a titan. But he faces a much tougher task on a continent that, despite its efforts at economic...
But those who would become successful cable operators in Europe must step over the bodies of brave people, including Microsoft's own Bill Gates, and pick their way through cultural minefields. Premium cable TV has been a bust across most of the Continent, where people spend more time in cafes...
About 30% of Western European homes have cable, compared with 68% in the U.S., and powerful satellite players like News Corp.'s BSkyB and Vivendi's Canal Plus feed signals to 20% of the Continent's TV sets. Gross margins in the cable business hover at about 12%--about a...
The Continent's cultural diversity makes it hard to turn a profit on other homegrown programming; the lack of an export market to recoup costs doesn't help. Pornography, the quiet cash cow of the U.S. cable industry, is not as much of a draw in countries where full-frontal...
There have been, according to one calculation, 18 African developmental initiatives over the past 20 years. What makes NEPAD different is its recognition of past failures, its ownership by Africans themselves and, critically, its timing in the wake of Sept 11. NEPAD's proponents recognize that failure would, at this...