the Daily Whale - 26 September 1993

Cable TV companies are starting to use compression technology, allowing them to offer several times as many channels; satellite TV is coming next year; digital TV is progressing; telephone companies and Hollywood moviemakers are investing heavily, and there’s turmoil on every front.

Trust Congress to cut straight through to the heart: Only promises matter. All you have to do is say you’ll make it cheaper, and people will like you.