Slashdot Mirror

An anonymous reader quotes Investor's Business Daily: Shares in Charter Communications plunged after the cable TV firm reported first quarter earnings and lost more video subscribers than expected, also sparking a sell-off in Comcast and Altice USA... Charter said it lost 122,000 video subscribers, nearly triple analyst predictions for a fall of 43,000. Comcast on Wednesday said it lost 96,000 video subscribers, exceeding estimates for a drop of 75,000.... With Friday's sell-off, Comcast stock is down 20% in 2018, with Charter falling more than 24%...

Cable TV firms aren't the only losers. AT&T this week said it lost 187,000 pay-TV customers, including satellite TV subscribers and its U-verse landline business. AT&T's DirecTV Now internet streaming service added 312,000 customers. But AT&T garners much lower profit margins from video streaming.
Cable companies are now raising prices on broadband services to compensate, according to the article.

MarketWatch notes that Charter also lost 100,000 customers in the same three-month period in 2017, calling the ongoing trend "a fundamental shift in consumer behavior."

An anonymous reader writes: In response to the rising minimum wage, the fast-food chain Wendy's plans to start automating all of its restaurants. The company said it will have self-service ordering kiosks available to its 6,000-plus restaurants in the second half of the year. Wendy's President Todd Penegor said it will be up to franchisees to decide whether or not to adopt the kiosks in their stores, noting that many franchise locations have had to raise prices to offset wage increases. California's decision to gradually raise the minimum wage to $15 by 2022 will impact Wendy's 258 restaurants, all of which are franchise-operated. About 75% of 200-plus Wendy's restaurants are run by franchisees in New York, a state that is also on its way to $15. Penegor said, wage pressures have been manageable both because of falling commodity prices and better operating leverage due to an increase in customer counts. The company is still "working so hard to find efficiencies" so it can deliver "a new QSR experience but at traditional QSR prices." The CEO of Carl's Jr., Andy Puzder, is also looking into replacing many of its workers with machines to save money.

StewBeans writes: In this lighthearted article for the holiday, IT executives were asked, if they could invite any technologist living or deceased to their Thanksgiving dinner, who would they invite and why? One CTO said that he'd invite the CTO of Amazon, Werner Vogels, so he could hear his thoughts on the future of cloud computing. Another would invite Ratan Tata, who he calls the "Bill Gates of India." Other responses range from early visionaries like Grace Hopper and Vint Cerf to the mysterious inventors/designers of the Roland TR-808.

HughPickens.com (3830033) writes "Clay Latimer writes at IBD that Ian Ballantine, called by many the father of the mass-market paperback, helped change American reading habits in the 1940s and '50s founding no fewer than three prestigious paperback houses — Penguin USA, Bantam Books and Ballantine Books. But Ballantine's greatest influence on mass culture was publishing science-fiction paperback originals, with writers including Arthur C. Clarke, Ray Bradbury, Philip K. Dick, Theodore Sturgeon, and Frederik Pohl and publishing the first authorized paperback editions of J.R.R. Tolkien's books. "These were great classics of world fiction," says Loren Glass. "He published in original form some of the greatest works in the golden age of science fiction. One of the interesting things about Ballantine is that he was not only a businessman trying to make money in books; he was a student of literature and publishing, and something of an intellectual."

Turning serious science fiction into a literary genre ranks among Ballantine's greatest feats. Prior to Ballantine Books, science fiction barely existed in novel form. He changed that with the 1953 publication of "Fahrenheit 451," the firm's 41st book. "That was obviously a key moment in the history of science-fiction publishing," Glass says. In 1965, when Tolkien's rights to his "Lord of the Rings" trilogy lapsed, Ace Books published his books without paying royalties and Tolkien responded by conducting a personal campaign against Ace. Tolkien began to urge the fans who wrote to him to inform them that the American copies were pirated: "I am now inserting in every note of acknowledgement to readers in the U.S.A. a brief note informing them that Ace Books is a pirate, and asking them to inform others." Ballantine quickly bought the rights and included Tolkien's back-cover note: "Those who approve of courtesy (at least) to living authors will purchase it and no other.""

MarkWhittington (1084047) writes "According to a Thursday story in Investment Business Daily, Boeing, whose CST-100 spacecraft was one of the two winners of NASA's commercial crew competition, will reserve one seat per flight for a paying tourist. For a price comparable to what space tourists now pay for trips on the Russian Soyuz, anyone will be able to take a jaunt to the International Space Station. The move places Boeing in direct competition with the Russians, who are working through a company called Space Adventures for their tourist space jaunts."

An anonymous reader writes "When the Obama administration announced on April 1 that an estimated 7.1 million had signed up for ObamaCare by the end of March, it seemed a nearly impossible achievement. To reach 7.1 million, sign-ups had to rocket up by 67% in just one month. That's astounding enough, but an IBD review of existing ObamaCare enrollment data shows that the mathematical challenge of reaching 7.1 million sign-ups was even tougher."

An anonymous reader writes with this excerpt from Investor's Business Daily:"Buried deep in a section of President Obama's budget, released this week, is an eye-opening fact: This year, 70% of all the money the federal government spends will be in the form of direct payments to individuals, an all-time high. In effect, the government has become primarily a massive money-transfer machine, taking $2.6 trillion from some and handing it back out to others. These government transfers now account for 15% of GDP, another all-time high. In 1991, direct payments accounted for less than half the budget and 10% of GDP. What's more, the cost of these direct payments is exploding. Even after adjusting for inflation, they've shot up 29% under Obama." It's very hard to lay blame on only one part of the U.S. government, though; as the two largest parties are often fond of pointing out when it suits them, all spending bills originate in the House.

MakerBot Industries, creators of the popular Thing-O-Matic and Replicator line of 3-D printers, is being acquired by Stratasys, a company that's been working on 3-D printing and production systems since 1989. '[Stratasys] facilitates the printing of prototypes, concepts, components, parts and more on an industrial scale and for commercial applications. ... Stratasys has demonstrated it’s going to be aggressive about owning the 3D printing space, and the MakerBot buy is the consumer-focused piece in that puzzle. For MakerBot, it gives the startup access to Stratasys’ wealth of industry experience.' According to the official news release, 'MakerBot will operate as a separate subsidiary of Stratasys, maintaining its own identity, products and go-to-market strategy.' MakerBot has sold 11,000 of its Replicator 2 devices in the past 9 months, accounting for half of all its 3-D printer sales since 2009.

Colmao writes "Investor's Business Daily wrote up an article interviewing Martin Fink, the head of HP's NonStop Unit. From the article'In a move that suggests Linux is finally ready for prime time, Hewlett-Packard is giving the free software a bigger role on some of its toughest servers.' NonStop servers are HP's most costly machines. They are designed to be always on, mission critical appliances. They are used to run some of the world's stock markets. Linux is making big moves in the datacenter and getting some much needed exposure."

olegalexandrov writes "Toyota Motor will introduce robots which can work as well or better than humans at all 12 of its factories in Japan to cut costs and deal with a looming labor shortage. The robots would be able to carry out multiple tasks simultaneously with their two arms, achieving efficiency unseen in human workers and matching the cheap wages of Chinese laborers, a report said on Thursday." The Motley Fool has a humorous take, and Toyota emphasizes that goodlife, err, humans will continue to have a place in Toyota factories.

coyotegestalt writes "According to PC World, Yahoo! has just finalized a deal to buy Musicmatch (both its On Demand and download services) for $160 million. More details at IBD. This is a major narrowing of the online music market."

Aligrip writes "It appears that IBM has convinced the folks at the Securities Industry Automation Corp (SIAC) to move their entire trading network to Linux as explained in this article in the Investors Business Daily. The authors predict that this deal could give Linux "a hot new beachhead with financial institutions". Cool!"