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Stephen Keating - Cutthroat: high stakes & killer moves on the electronic frontier

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A lively, fast-paced, unauthorized account of power brokers and sky-high deals, Cutthroat is the one book you must read to understand the players, the tactics, and the future in the brutal telecommunications market battle between satellite TV and cable. In 1997, Rupert Murdochs News Corp. joined forces with EchoStar, Charlie Ergens upstart company, to create a satellite-TV powerhousenicknamed Deathstar. The cable industry knew its lucrative monopoly was threatened, and with TCIs John Malone in the forefront, cable fought back and held off the assault. How this deal lit up the sky before crashing down to earth exposes the outsized personalities, the high-stakes deal-making, the shifting alliances, and the ruthless politicking that surround the pursuit of megabucks in telecommunications today.

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title Cutthroat High Stakes Killer Moves On the Electronic Frontier - photo 1

title:Cutthroat : High Stakes & Killer Moves On the Electronic Frontier
author:Keating, Stephen.
publisher:Johnson Books
isbn10 | asin:155566248X
print isbn13:9781555662486
ebook isbn13:9780585196596
language:English
subjectTelecommunication--United States--Marketing, Telecommunication policy--United States, Competition--United States, Monopolies--United States.
publication date:1999
lcc:HE7775.K4 1999eb
ddc:384/.0973
subject:Telecommunication--United States--Marketing, Telecommunication policy--United States, Competition--United States, Monopolies--United States.
Page iii
Cutthroat
High Stakes & Killer Moves on the Electronic Frontier
Stephen Keating
JOHNSON BOOKS
Boulder
Page iv
Copyright 1999 Stephen Keating
All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, or any information storage and retrieval system, without permission in writing from the publisher.
Published in the United States by Johnson Books, a division of Johnson Publishing Company, 1880 South 57th Court, Boulder, Colorado 80301. E-mail: books@jpcolorado.com
9 8 7 6 5 4 3 2 1
Cover design: Debra B. Topping
Cover illustration: James Lee Roth
Library of Congress Cataloging-in-Publication Data
Keating, Stephen. Cutthroat: high stakes and killer moves on the electronic
frontier / Stephen Keating.
p. cm.
Includes bibliographical references and index.
ISBN 1-55566-252-8 (alk. paper).ISBN 1-55566-248-X (pbk.:
alk. paper)
1. TelecommunicationUnited StatesMarketing.
2. Telecommunication policyUnited States. 3. CompetitionUnited
States. 4. MonopoliesUnited States. I. Title.
HE7775.K4 1999
384.0973dc21 99-34764
CIP
Printed in the United States by
Johnson Printing
1880 South 57th Court
Boulder, Colorado 80301
Printed on recycled paper with soy ink
Page v
Picture 2
It is a world in which competition is lauded as the basic axiom and guiding principle, yet too much competition is condemned as cutthroat.
Alan Greenspan, 1961
Page vii
Contents
Prologue: The Game
ix
1. The Cable Gang Mourns
1
2. Deathstar
13
3. Stealing Free TV
35
4. The Chess Machine
59
5. Cutting Cable
81
6. The Rat Zapper
107
7. 500 Channels
121
8. Fighting for Air
139
9. Elvis Is in the Building
161
10. Angry Eyeballs
173
11. Calling Dr. Kevorkian
197
12. Summer of Love
215
13. Endgame
239
Epilogue: Survival of the Leveraged
267
Notes
277
Acknowledgments
305
Index
307

Page ix
Prologue:
The Game
The game is going on right now, all over the world. It requires no allies, just alliances. No team loyalties, just self-interest. Strategies form and dissolve with every play. A helping hand may bring a knife in the back. In the next round, the players switch sides and do it again.
Cutthroat is the name of the game on the electronic frontier.
Cable cowboys once lassoed broadcast TV signals into rural towns, then sought to strangle the broadcasters. Satellite TV aims a laser at both. Phone companies must connect the calls of competitors or die of isolation. The Internet is a vast, chaotic network that owes its nature to print, phone, broadcast, cable, satellites and computers, yet is something else entirely that may devour all of it.
Electronic media is an interlocked, trillion-dollar, global game that feeds on our insatiable desire to know, communicate and be entertained. The game is guided by technology, big money, regulation, demand and the artful savagery of media chiefs.
They need each other, as partners and suppliers. Yet they bleed each other as rivals and takeover targets. It all depends on the day, the deal and the leverage to get it done.
They're playing cutthroat in your home.
With such thievery and cross-purposes built into the game, who wins and who loses? What are the stakes? The rules?
The essence of the game is illustrated by one play.
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