PDF DOWNLOAD [Cable Cowboy John Malone and the Rise of the Modern Cable Business] AUTHOR Mark Robichaux


  • Paperback
  • 320
  • Cable Cowboy John Malone and the Rise of the Modern Cable Business
  • Mark Robichaux
  • English
  • 23 March 2018
  • 9780471706373

Mark Robichaux ✓ 8 Read

Read & Download Cable Cowboy John Malone and the Rise of the Modern Cable Business Mark Robichaux ✓ 8 Read Cable Cowboy John Malone and the Rise of the Modern Cable Business Read & Download ê 108 Ompany TCI and later with Liberty Media Written with Malone's unprecedented cooperation the engaging narrative brings this controversial capitalist and businessman to life Cable Cowboy is at once a penetrating portrait of Malone's complex persona and a captivating history of the cable TV industry Told in a lively style with exclusive details the book shows how an una. My main complaint about the popular finance book The Outsiders Eight unconventional CEOs by Thorndike was that there wasn t enough detail about each individual person Well this book certainly checks the John Malone box Cable Cowboy was a comprehensive and thorough review of his amazing career at TCI Financially gifted Malone was also a ruthless deal maker and operator that managed to become the preeminent cable and media industry tycoonPretty much a must read for anyone that has an interest in business I d say Also on a personal note he instantly became my hero once I learned that his nickname is Darth Vader given to him for being such a tough and bad ass negotiator and business man Beowulf is my name Rinehart editions 146 once a penetrating portrait The Essex Serpent of Malone's complex persona and a captivating history Indras Net of the cable TV industry Told in a lively style with exclusive details the book shows how an una. My main complaint about the popular finance book The Outsiders Eight unconventional CEOs by Thorndike was that there wasn t enough detail about each individual person Well this book certainly checks the John Malone box Cable Cowboy was a comprehensive and thorough review Bare It All of his amazing career at TCI Financially gifted Malone was also a ruthless deal maker and A Gentleman for Dry Creek operator that managed to become the preeminent cable and media industry tycoonPretty much a must read for anyone that has an interest in business I d say Also Bare It All on a personal note he instantly became my hero Trail of Evidence Capitol K 9 Unit #3 once I learned that his nickname is Darth Vader given to him for being such a tough and bad ass negotiator and business man

Summary â eBook, ePUB or Kindle PDF ✓ Mark RobichauxCable Cowboy John Malone and the Rise of the Modern Cable Business

Read & Download Cable Cowboy John Malone and the Rise of the Modern Cable Business Mark Robichaux ✓ 8 Read Cable Cowboy John Malone and the Rise of the Modern Cable Business Read & Download ê 108 Ssuming copper strand started as a backwoods antenna service and became the digital nervous system of the US an evolution that gave US consumers the fastest route to the Internet Cable Cowboy reveals the forces that propelled this pioneer to such great heights and captures the immovable conviction and uicksilver mind that have defined John Malone throughout his caree. This tome seems to have a lot of good business lessons and I would say that is its strength rather than an interesting story line The first few chapters the story of Malone s childhood and experience at college were actually interesting Even the story of his first job and how he came to Tele Communications Inc TCI were good But after the author gets Malone to TCI and describes the challenges Malone is going to face the book becomes like a 250 page case study of the cable industry or maybe any industry where a business faces crushing debt but excellent cash flow like ATT todayFor a business that can be successful under the conditions described above crushing debt and excellent cash flow I think it will always mostly be a capital intensive monopoly After listening to Malone s tactics over promise to cities then litigate to prevent them from bringing in a new cable company I don t know whether to revere Malone or hate him As a consumer I couldn t help but feel that he is everything wrong with business owners Horrible customer service week plus response times to malfunctioning euipment failure to upgrade networks when TCI signed agreements to do so and hardball tactics like shutting off programming or suing cities who tried to get TCI to fulfill their agreementsI think the truth is that the cable model was to lie about cable capabilities and then charge customers less than what was necessary to really have a good cable network It seems to me that customerscities didn t want to pay the true price to get the services they wanted On the other hand it seems super shady to promise what you can t deliver at a price pointAlso all the financial engineering made me want to vomit John Malone is smarter than everyone else and wanted to make sure no one could understand his financial transactions until he got the money he wanted out of those transactions At the end of the book after the sale of TCI to ATT it becomes apparent how much better Malone understood the cable industry than Michael Armstrong However because of Malone s penchant for self dealing Armstrong never trusted him and the TCI acuisition turned into a horrible mistake

Read & Download Cable Cowboy John Malone and the Rise of the Modern Cable Business

Read & Download Cable Cowboy John Malone and the Rise of the Modern Cable Business Mark Robichaux ✓ 8 Read Cable Cowboy John Malone and the Rise of the Modern Cable Business Read & Download ê 108 An inside look at a cable titan and his industry John Malone hailed as one of the great unsung heroes of our age by some and reviled by others as a ruthless robber baron is revealed as a bit of both in Cable Cowboy For than twenty five years Malone has dominated the cable television industry shaping the world of entertainment and communications first with his cable c. Surprisingly interesting book I didn t have a strong grasp on the history of the big cable companies They always just kind of seemed to be these huge entities with awful customer service Turns out there s a long backstory there And it s interesting Cable Cowboys does a good job explaining it all as it follows John Malone and his team at Telecommunications Inc TCIMy big takeaways John Malone is the real deal as an executive His ability to craft win win deals with the biggest win for himself and avoid taxes was really impressive Fascinating to learn how cable started as this small time way to rebroadcast the signals of major TV broadcasters CBS ABC NBC and grew to be the absolute behemoth it is todayI generally feel like executives in major corporations are mostly competent but hardly exceptional when you consider that most of them have been working full time in their fields for multiple decades When accounting for all that time they mostly seem pretty normal nothing surprising in terms of ability But John Malone seems to be an exception He is an executive where you look at the amount of time he put in and he still comes out looking impressive He seems to be genuinely much better than average at seeing how to make deals with upside for both parties Combine that vision with an exceptional ability to execute and convince potential competitors to partner with him and it s pretty clear the man is the real dealIt was also really interesting to learn about the cable industry as a whole It began as a means to give rural towns access to the shows from major broadcasters Early cable companies would put a big receiving dish on top of the nearest big hill then run a wire the cable back into the rural town and hook up people s TV sets The economics of it are particularly interesting The major broadcasters made money on advertising and didn t charge customers to receive the signal But cable companies didn t have access to the ad revenue so they charged customers a monthly fee to access the signal of the major broadcasters This paid for the maintenance costs of fixing the wire and allowed for a small profit Some visionary cable pioneers the cable cowboys in the book realized that it was in their interest to try and get as big as possible and wire as many homes as they could So they set off reinvesting every dime they had in the business and begging banks to let them borrow as much money as possible Banks were reticent to do this because the cable companies never really had cash flow only revenue growth and banks thought this was risky times are different now see So the cable companies at least TCI the focus of this book were in a constant battle with banks to get the capital they needed to finance their growth and pay off their bills This whole system mostly worked as long as the bankers went along which they tried their hardest not to But Malone and Magness and the other cable cowboys eventually prevailed in every battle But even as they continued to expand cable companies were pretty much beholden to the major broadcasters who were the source of all the content on the cable networks So in that era the upside from cable companies always seemed a bit capped When broadcasters controlled the signal you had to figure cable companies had a ceiling on their financial upside In short the cable companies had a distribution problem This changes in the 70 s when HBO becomes the first major cable channel to be transmitted via satellite The breakthrough moment is when HBO broadcasts the Thrilla in Manila live while the other major broadcast networks have to air the fight on tape delay HBO demonstrated that satellites could be used to circumvent the distribution channel established by the major broadcasters At that point cable began to really take off and many many new channels sprang up to take advantage of this new way of reaching viewers And Malone was really smart to realize that he wanted to partner with as many new cable channels as possible so that TCI would have upside in case the competitive landscape of cable ever tilted in favor of the channels over the cable companies Malone was a master dealmaker throughout the entire story In any case cable was really doing well and it entered an era known as the franchise battles In this era well financed companies would come in to bid for cable licenses in various municipalities because these licenses were basically a regulated monopoly Unfortunately the companies overbid on the licenses overspent on installing state of the art systems and overpromised their shareholders about revenue projections from cable Lots of people lost money But when those companies were ready to bail out of cable Malone and TCI were ready to scoop up their leftovers for cheap and run the wires profitably Worked out great for Malone At this point there is a lot of consolidation going on in the cable industry and TCI is becoming pretty huge With this consolidation come really large price increases and really awful customer service This pisses off pretty much everyone so the government comes in In the mid 80 s the federal government takes over regulating cable companies so municipalities don t have to worry about that any The gov t imposes pretty austere rate reductions and the cable companies start hurting It s particularly rough because the cable companies are still usually running with pretty heavy debt loads But you don t feel too bad for em because they were pretty huge assholes and largely continue to be And it s not like these guys didn t make plenty of money Anyways this continues for a bit until the earlymid 90 s when the federal government decides to deregulate the telecom industry to increase competition Well this sets off another consolidation bonanza and this time Malone is ready to get out of cable altogether He organizes a pretty sweet deal to have ATT buy up TCI and with a few bumps after the deal closes rides off into the sunset The cable companies then go on to start delivering internetphone service and now here we are Overall it s really interesting to see these huge names in cable ATT Cox Comcast etc and learn about their origin story If only it could end up with those companies providing better customer service but then again that s a lot to expect from a monopoly even a regulated one


10 thoughts on “PDF DOWNLOAD [Cable Cowboy John Malone and the Rise of the Modern Cable Business] AUTHOR Mark Robichaux

  1. says: PDF DOWNLOAD [Cable Cowboy John Malone and the Rise of the Modern Cable Business] AUTHOR Mark Robichaux

    PDF DOWNLOAD [Cable Cowboy John Malone and the Rise of the Modern Cable Business] AUTHOR Mark Robichaux If you don’t have any interest in balance sheets income statements hostile takeovers stock swaps share buybacks or tax strategies then you probably won’t like this book But if somewhere along the way you lost yourself down the rabbit hole of corporate finance then you will L O V E love this book The story centers on John Malone widely regarded as one of the sharpest business minds in modern history His pace of MA—averaging o

  2. says: Read & Download Cable Cowboy John Malone and the Rise of the Modern Cable Business PDF DOWNLOAD [Cable Cowboy John Malone and the Rise of the Modern Cable Business] AUTHOR Mark Robichaux

    PDF DOWNLOAD [Cable Cowboy John Malone and the Rise of the Modern Cable Business] AUTHOR Mark Robichaux Surprisingly interesting book I didn’t have a strong grasp on the history of the big cable companies They always just kind of seemed to be these huge entities with awful customer service Turns out there’s a

  3. says: Read & Download Cable Cowboy John Malone and the Rise of the Modern Cable Business PDF DOWNLOAD [Cable Cowboy John Malone and the Rise of the Modern Cable Business] AUTHOR Mark Robichaux

    Mark Robichaux ✓ 8 Read Summary â eBook, ePUB or Kindle PDF ✓ Mark Robichaux Read & Download Cable Cowboy John Malone and the Rise of the Modern Cable Business I first read about John Malone in Joel Greenblatt's legendary book You can be a stock market genius Later I read about his again in The Outsider's by William Thorndike Few things about him stood out He was all about cash flow while Wall Street concentrated on accounting earnings Secondly he used leverage exceedingly partially to reduce effective tax rate And he liked to acuire companies Some of the things Malo

  4. says: Read & Download Cable Cowboy John Malone and the Rise of the Modern Cable Business PDF DOWNLOAD [Cable Cowboy John Malone and the Rise of the Modern Cable Business] AUTHOR Mark Robichaux

    Read & Download Cable Cowboy John Malone and the Rise of the Modern Cable Business PDF DOWNLOAD [Cable Cowboy John Malone and the Rise of the Modern Cable Business] AUTHOR Mark Robichaux Mark Robichaux ✓ 8 Read If I could give a 6 on 5What a wonderful book brilliant writing it's a story that flows well had great facts is deep and broad at the same timeCovers the evolution of the US cable industry from the 70s to the 2000s and what a journey it had beenMost people now would not know of this wonderful history of monopolies and cable cowboys riding the wave John Malone has been cited as an Outsider in William Thorndike

  5. says: PDF DOWNLOAD [Cable Cowboy John Malone and the Rise of the Modern Cable Business] AUTHOR Mark Robichaux Mark Robichaux ✓ 8 Read Read & Download Cable Cowboy John Malone and the Rise of the Modern Cable Business

    Summary â eBook, ePUB or Kindle PDF ✓ Mark Robichaux PDF DOWNLOAD [Cable Cowboy John Malone and the Rise of the Modern Cable Business] AUTHOR Mark Robichaux My main complaint about the popular finance book The Outsiders Eight unconventional CEOs by Thorndike was that there wasn't enough detail about each individual person Well this book certainly checks the John Malone box Cable Cowboy was a comprehensive and thorough review of his amazing career at TCI Financially gifted M

  6. says: PDF DOWNLOAD [Cable Cowboy John Malone and the Rise of the Modern Cable Business] AUTHOR Mark Robichaux

    PDF DOWNLOAD [Cable Cowboy John Malone and the Rise of the Modern Cable Business] AUTHOR Mark Robichaux Mark Robichaux ✓ 8 Read If you work in the media industry it's a must read it's a very interesting and insightful book

  7. says: PDF DOWNLOAD [Cable Cowboy John Malone and the Rise of the Modern Cable Business] AUTHOR Mark Robichaux

    Summary â eBook, ePUB or Kindle PDF ✓ Mark Robichaux Mark Robichaux ✓ 8 Read Read & Download Cable Cowboy John Malone and the Rise of the Modern Cable Business I really enjoyed this book but have to admit the financial transactions and details within were hard to follow John Malone's financial acumen was what I admired most about this book from creating a new metric EBITDA to his single focus on creating shareholder value through tax deferrals and tracking stocks it was amazing to read a

  8. says: PDF DOWNLOAD [Cable Cowboy John Malone and the Rise of the Modern Cable Business] AUTHOR Mark Robichaux

    PDF DOWNLOAD [Cable Cowboy John Malone and the Rise of the Modern Cable Business] AUTHOR Mark Robichaux Mark Robichaux ✓ 8 Read Summary â eBook, ePUB or Kindle PDF ✓ Mark Robichaux This tome seems to have a lot of good business lessons and I would say that is its strength rather than an interesting story line The first few

  9. says: Read & Download Cable Cowboy John Malone and the Rise of the Modern Cable Business PDF DOWNLOAD [Cable Cowboy John Malone and the Rise of the Modern Cable Business] AUTHOR Mark Robichaux Summary â eBook, ePUB or Kindle PDF ✓ Mark Robichaux

    Mark Robichaux ✓ 8 Read PDF DOWNLOAD [Cable Cowboy John Malone and the Rise of the Modern Cable Business] AUTHOR Mark Robichaux This is the story of John Malone nicknamed Darth Vader by Al Gore who took Liberty Media from a middling little cable operation in Denver to become one of the most important players in the cable television industry One of the most important takeaways from this book is the importance of focusing on both value creation the tech and capturing a non trivial fraction of the value you create the business model Malone will go

  10. says: PDF DOWNLOAD [Cable Cowboy John Malone and the Rise of the Modern Cable Business] AUTHOR Mark Robichaux

    Mark Robichaux ✓ 8 Read Summary â eBook, ePUB or Kindle PDF ✓ Mark Robichaux Read & Download Cable Cowboy John Malone and the Rise of the Modern Cable Business It started out great The first uarter or so was very interesting telling how cable operators got started when TV was a new phenomenon sweeping the nation There was some picturesue description of how cities were con

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