Is it Time to Quit Cable?

Cable TV service sucks! Most Americans get more satisfaction from waiting in line at the bank, visiting the post office and conversations with their insurance company then they do from their Satellite or cable provider.

According to the American Customer Satisfaction Index, Cable and Satellite TV companies perpetually scrape the bottom of the barrel when it comes to customer satisfaction. The numbers for cable and satellite are worse then all other industries
ranked by the ACSI and they are getting worse.

Good News/Bad News: Joost Gets $45 Million, Networks get Fewer Viewers

Good news: Today Joost announced they raised $45 million bucks with power VC firm’s from around the globe and a YouTube hating media giant. The deal brings together Index Ventures of the EU, Sequoia Capital of Silicon Valley fame, and the Li Ka-shing foundation run by Hong Kong based billionaire, Li Ka-shing. The international focus of the money flowing into the coffers of Joost is telling as is the participation of the GooTube hating crew at Viacom. The real shocker isnt that Joost got a butt load of money, its that with all the MBA’s, consultants, researchers, futurist and pundits, that are employed by the media companies only Viacom was smart or savvy enough to get in on the deal.

Joost Signs Deal with CBS

CBS just put out a press release announcing that they have cut a deal with Joost to show “first run and other premium content”. They are slated to launch content through the application in the spring and say that it will come from a bunch of the CBS divisions. The release says that they will make both new shows as well as previously aired stuff available via Joost. The content is supposed to included top rated shows like CSI: Hoboken and Survivor: Luxembourg.

Check out the full release here and watch for more details to come.

YouTube Up TV Down

Great post over at Mashable on this BBC report claiming that 43% of Brits who watch video via the net or mobile devices watch less TV. Now thats a big scary number but the fine print is that this group represents only 9% of the British population. Of course thats the only bit of good news if your a TV broadcaster. The rest of the article goes on to point out that the group most likely to watch now and in the future is the 16-24 set (28%). The very group most attractive to advertisers, despite the fact that they’ve got no spending power.