Download PDF by Mark Robichaux: Cable Cowboy: John Malone and the Rise of the Modern Cable

By Mark Robichaux

ISBN-10: 047170637X

ISBN-13: 9780471706373

An within examine a cable titan and his industry

John Malone, hailed as one of many nice unsung heroes of our age by way of a few and reviled via others as a ruthless robber baron, is printed as slightly either in Cable Cowboy. For greater than twenty-five years, Malone has ruled the cable tv undefined, shaping the area of leisure and communications, first together with his cable corporation TCI and later with Liberty Media. Written with Malone's extraordinary cooperation, the enticing narrative brings this debatable capitalist and businessman to lifestyles.

Cable Cowboy is straight away a penetrating portrait of Malone's complicated character, and an enthralling background of the cable television undefined. advised in a full of life sort with particular information, the ebook exhibits how an unassuming copper strand begun as a backwoods antenna carrier and have become the electronic anxious method of the united states, an evolution that gave U.S. shoppers the quickest path to the web.

Cable Cowboy unearths the forces that propelled this pioneer to such nice heights, and captures the immovable conviction and quicksilver brain that experience outlined John Malone all through his profession.

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Additional info for Cable Cowboy: John Malone and the Rise of the Modern Cable Business

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You have one time to tell me that you didn’t do it that way before,” he told new managers in his signature brusque style. ” 7 Each time he cut overhead at a new property, he took possession of any company cars, reserving the best one for himself so that he could drive a series of progressively newer vehicles. Malone allowed Sparkman this little luxury; times were tough, and a new car meant a lot. It reminded him of pirates plundering the treasure of conquered rivals. ” Sparkman didn’t believe in spending money TCI didn’t have on advertising it didn’t need.

He excelled even among particularly bright students; of the 52 graduates in Malone’s class of 1959, one-third entered Harvard or Yale. As he braced for college, Malone continued to seek counsel from his father, who one day gave his son puzzling advice about taking tests: “Guess at the answers,” he said. John gave him a perplexed look. “Guess before you figure the problems out,” Dan repeated. Uncertain at first, Malone quickly developed an intuition for engineering questions that called for empirical data.

The SEC requested more documents, and that spelled delay, the one thing TCI could not afford. While the SEC scoured NTA financials, conditions worsened for the new president. The five banks that had put up the bridge money, including Citibank, Chase, and First Security, put TCI on the critical list. NTA was bleeding money, $1 million in 1973 and $4 million in 1974, and if TCI, already creaking with its own debt, defaulted on the NTA loans, bankers could padlock the place. In a meeting with lenders in Los Angeles, a banker told Malone and Magness: “Boys, NTA is like a cancer on the tail of a beautiful dog.

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Cable Cowboy: John Malone and the Rise of the Modern Cable Business by Mark Robichaux


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