Is streaming really a 'terrible business?' It depends whom you ask

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Anyone can see how disruptive streaming has been for TV distributors. But it's a different story for other players like Netflix, even as the industry faces continued challenges.

One question this column frequently asks is: Is streaming a good business? The answer depends on whom you ask. Craig Moffett, a prominent Wall Street media analyst, recently queried John Malone, the 83-year-old billionaire media tycoon who helped shape the modern cable TV industry. Malone's answer, relayed by Moffett in a recent report, was a definitive “no.” “It’s a terrible business,” Malone said, according to the analyst.

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