Media companies like Walt Disney , Viacom , AMC Networks , and Time Warner have seen their ratings decline as more consumers cut the cord. With fewer people tuning in and paying for the bundles that include their various cable properties, these network groups have had to resort to drastic measures to meet Wall Street's expectations. And even then, most of them came up short last quarter.
The strategy they're taking is only making the problem worse, driving more customers to drop cable and pick up subscriptions to streaming services like Netflix .
Check out the slideshow below to see the desperate strategy networks are taking to combat cord-cutting.
The article Networks Are Fighting Cord-Cutters the Exact Wrong Way originally appeared on Fool.com.
Adam Levy has no position in any stocks mentioned. The Motley Fool recommends AMC Networks, Netflix, and Walt Disney. The Motley Fool owns shares of AMC Networks, Netflix, and Walt Disney. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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