Broadcasting & Cable: In a new report, Michael Nathanson of MoffettNathanson Research points to an adversary strong programmers would be able to stand up to: Netflix. “Cable networks consolidation could also lead to upside if the larger portfolios take a more thoughtful longer view on selling their content to SVOD services,” Nathanson said in a research note. Smaller companies seem more likely to take the short-term earnings — and resulting executive compensation — that dealing with Netflix produces.