If you compare companies like Comcast and Virgin Media, it's pretty clear which is a well run company and which is a basket case, and the same goes for broadcasters.
So why is this ? Does the US have a natural advantage through economies of scale ? Or is it that the UK is an early adopter of many technologies and can be a difficult investment environment ?
Or is it simply that UK businesses have made one bad management decision after another ?
Personally I blame the regulatory environment which has encouraged skewed markets dominated by BT and the BBC.
As I have previously blogged, eight of the top ten (nine if you include Metacafe) online video services are US based. The inevitable consequence of all of this is that our media, and even our telco companies, will end up in American hands at knock down prices.