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Originally Posted by HD addicted
Off topic now?  |
The thread is closing anyway, so we can have a little fun. Its not as if we know of any new channels definitely coming anyway, apart from 1tv+1.
Quote:
Originally Posted by TheDon
The debt isn't anyones "fault". It's a purely business decision.
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And bad ones at that, made over a 20 year timescale not helped but the shambles of a mess that the then government made of the cableco structures to begin with.
Quote:
Originally Posted by TheDon
Debt isn't bad, in fact I'd argue it's vital to the well running of any company. You can often gain a far greater return on cash at hand than you're having to pay in debt interest, so why would you pay down debt if doing so will make you less money? (Not to mention that having debt allows you to avoid all sorts of taxes).
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I spent a career working for people who used to say debt is "good". My response to that, utter rubbish. These same people will all be out of jobs next year when the Lehman Brothers tidal wave hits them.
When accountants say debt is good, I say is that how you run your household then, in debt?...It staggers growth and hinders investment opportunities as evidenced by the mess that has been the cable industry for the last 20 years and causes unnecessary pressures and distractions on managers. Not to mention the creditors can pull the plug at any time... Debt is not good and its only useless Americanised business practices that have infected the City over the last 30 years that say this.