It’s likely, after all those years of frustration with the pay-TV industry, that Apple’s attention is now focused elsewhere. Several reports suggest the company is turning its flagship iPhone into the next media platform – augmented reality – rather than continuing to try to fix the last one.

Protests filled parts of Venice, Calif., the home of Snap Inc., on Thursday, coinciding with the company's initial public offering.

The notion that there’s a market for skinny bundles is based on a false premise. Companies like YouTube look at Millennials without cable packages and figure there are about 10 million households without pay-TV.