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It was the company’s biggest quarterly disappointment in at least the last 17 years. And perhaps worse, cash flow fell almost 80 percent from a year ago. Flannery couldn’t sugarcoat the quarter. "We’re deeply disappointed in today’s.

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And last year Comcast allowed YES Network, which offers the New York Yankees, to go dark. Operator resistance to rising sports costs created a squeeze for some regional networks: Cash flow margins for RSNs dropped to 34.4% last.

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