Thanks to Comcast, Goldman Sachs finds cable 'attractive'

The cable industry, already basking in better profits and an improved advertising forecast--and even lower numbers of lost basic subscribers--has now been given the good news that brokerage house Goldman Sachs has hiked its rating from "neutral" to "attractive." The better feelings also extended to the satellite industry.

Almost mimicking the old saying "As General Motors goes, so goes the nation," a lot of the good feeling about cable was generated by the industry's leading MSO, Comcast (Nasdaq: CMCSA).

"Strategically, Comcast now has a commanding seat at the table in future content and distribution negotiations, as well as an important hedge against rising content costs and over-the-top video risks," Goldman Sachs noted.

For more:
- Reuters has this story

Related articles:
Discipline, smart investments to guide Comcast in 2011

Suggested Articles

For now, it looks like Netflix and everyone else still have space to grow.

Flex, which Comcast recently made free for its subscribers, is a lot like X1 but not centered on Comcast’s linear video product.

Beginning Dec. 10, Comcast will replace Starz and begin offering Epix, a premium network owned by MGM, in some of its Xfinity TV premium packages.