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Deleveraging Continues

As leveraged assets go down in value, the leverage multiples go up. Adding to that multiple is the falling dollar and the fact that these assets are in reality debt deposits, not cash deposits, that were passed on in different forms to be leveraged over and over.

-Minyan Jim

Quick Hits: Small Screen, Big Payout

Mary McGuire Jun 06, 2008 2:45 pm


	Brief scrutiny of today's headlines

The city of Los Angeles is asking Time Warner Cable (TWC) to handsomely compensate subscribers for not watching TV. Seriously.

The City of Angels is suing the cable company over its inconsistent service and embarrassingly long response time to customer service inquires. According to MSNBC.com, it’s seeking compensation of $2,500 for individuals who experienced cable interruptions between August 2006 and spring 2007. The sum doubles for senior citizens and the disabled.

That’s $5,000 for missed episodes of the Golden Girls and Murder She Wrote. Half of that for NBC’s (GE) The Office and ABC’s (DIS) Grey’s Anatomy.

Would you expect anything less from the Entertainment Capital of the World?

For more on Hollywood, check out Hoofy & Boo's always astute report:

Tags: DIS, CALIFORNIA, TWC, ENTERTAINMENT, TELEVISION, LOS, ANGELES, HOLLYWOOD


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