Quote:
Originally Posted by TechnoCat
TV Networks do. XM Radio does. Dish Network does. Netflix does.
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I wasn't referring to TV networks or radio. While XM has earned a profit this year it is saddled with $3 billion debt. All bonds junk status. Wall St doesn't care for the stock or its outlook.
Dish Network also profitable (though declining) but purchased Blockbuster (a money losing company) while it has $7 Billion in long term debt.
Netflix lost money during second quarter in its streaming service. Only earned profit due to one-time tax benefit last quarter and company expects to be unprofitable all of 2012.