Cord-cutting could be a billion-dollar problem for cable companies; Uber’s self-driving freight trucks will be ready by next year, and more news.
Bloomberg/Getty Images

Cord-cutting could be a billion-dollar problem for cable companies; Uber’s self-driving freight trucks will be ready by next year, and more news.

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The Next Chapter? Sumner Redstone’s National Amusements has recommended that CBS (of which it’s a controlling shareholder) merge with the embattled Viacom, Reuters reports. National Amusements is controlled by Redstone and his daughter, who own 80% of the voting shares for both Viacom and CBS. A deal would mean a reunion for the two companies, which split in 2006, and strong leadership under media favorite Leslie Moonves, CBS CEO.

Uber will be ready to launch its self-driving trucks for freight-hauling services come 2017. The efforts are being largely powered by acquisition Otto, which “allows existing trucks to be ‘retrofitted’ with self-driving technology which can handle driving on U.S. highways.” The hope is to allow drivers to “rest more and make their deliveries faster…”

Cable companies could lose almost $1 billion next year from customers “cutting the cord.” A study by management consulting firm cg42 predicts that 800,000 customers will get rid of their subscriptions, for a total of $1,248 lost per person annually, Business Insider reports. It’s not all doom and gloom for the cable companies: “A loss of cable subscribers … doesn't mean a completely equal loss in total revenue for the industry, however. That's because pay TV providers will likely continue to wring more money out of each subscriber.”

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Fed Reserve Chair Janet Yellen said she sees solid job growth but has no “fixed timetable” for raising interest rates, Bloomberg reports. Yellen has addressed both sides of the issue: Last week Yellen “argued that it made sense to put off a move for now amid signs that discouraged Americans who dropped out of the labor market are returning and looking for work, though she also agreed that the case for a rate rise has strengthened.”

Twitter has opened up its Moments feature to all web users, allowing them to make their own collections of tweets around certain topics. The feature is being promoted ahead of user notifications and direct messages, showing “how important the feature is to the company.” This following news that Disney, Google, and Salesforce are in talks to acquire the struggling tech company.

Apple is making some changes across the pond by consolidating its London offices into a single campus in 2021. 1,400 Apple employees will have a new home at the Battersea Power Station redevelopment zone, “one of London’s best known landmarks.”

Cover Art: Battersea Power Station, owned by Malaysian consortium SP Setia Bhd. and Sime Darby Bhd., stands on the bank of the River Thames in this aerial photograph taken with a tilt-shift lens over London, U.K., on Thursday, Dec. 19, 2013. (Bloomberg/Getty Images)

Roger H. Contreras

Attorney and Counsellor at Law; Mediator; Arbitrator; Settlement Judge

8 年

I cut the cord over 2 years ago. Haven't missed that nonsense once. I watch what I want, when I want to watch.

回复
Benjamin Imuentinyan

Experience supporting back-end infrastructure. Knowledge virtualization ( hyper-V ,VMWare. Strong knowledge of Microsoft ecosystem , Computer cavalry: IT System Administrator CompTIA Security+(SY0-601)

8 年
Craig A.

Full-stack EdTech Developer & Innovative eLearning Solution Provider

8 年

Roku, and other streaming devices, only get you basic channels that you will soon get tired of. You have to pay monthly subscriptions for Netflix, or Hulu, in order to get any decent programming. In the end you will be paying as much as you were for cable. The only positive, I guess, is that you can choose which garbage you want to pay for.

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