There’s been a discussion lately about the viability of Click. It seems the Cable TV business is losing money – in part through the rising costs of programming content, and partially because of the way the city cooks their books, writing off capital construction costs of the network.
The wholesale internet business – where Click sells wholesale bandwidth to the three local ISP’s (Rainier Connect, Advanced Stream and Net-Venture) is making a whopping 60% profit!
Click’s idea is that the internet sales should subsidize the cable TV operation. To me, that’s stupid.