Why the Wiz is going down the tubes:
Cablevison cannot operate in a competitive marketplace. The company and its stock price flourished when they had cable monopolies. Once satellite TV became convienient and affordable, they branched out into businesses they felt would compliment their cable business. They have no clue how to compete in a marketplace and consumers always come last with them.
They got into the cellular business and lost their shirts.
They bought a bunch of crappy Clearview movie theaters, and lost their shirts. I don't know how the movie businees compliments the cable business.
They bought Madison Square Garden and have managed to destroy the Knicks & Rangers and have alienated the fans in the process. Somehow despite all this, MSG is still profitable thanks to the prior ownership who put MSG on the right track. The potential for future profits remain to be seen.
Then they bought The Wiz with the notion that it would somehow be a showplace for their cable and cable modem services. Someone forgot to tell Cablevision that many of the Wiz locations are in areas service by Time Warner Cable, Comcast, and others. The stores were actually going have to turn a profit and compete in a marketplace where Best Buy and Circuit City can out-market them and undercut them on price. I almost forgot to mention their staff of GED certificate toting idiots.
Finally, Cablevision have been running anti-satellite TV propganda commercials on the radio here in NYC while they are quietly trying to launch their own satellite service and/or bidding on DirecTV. Typical Cablevsion BS.
Good riddance to the Wiz, I hope the entire Cablevision empire comes crumbling next.
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