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of cable customers to cut the cord and networks to provide OTT programming. If more networks sell directly to consumers, how will this affect the

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of cable customers to "cut the cord" and networks to provide OTT programming. If more networks sell directly to consumers, how will this affect the demand for our cable television services? Also, will it impact the decision made by other networks. Finally, are there any strategic moves that we should be making to counteract this trend

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