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I heard similar, Steve.

I know many that used to watch on Soapnet but now just DVR or tape their shows because they don't feel like waiting to a certain time or dealing with Soapnet's schedule and all. Plus, the soap audience in general has dropped off so I can see why those numbers are what they are. It disgusts me but I can see it.
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SOAPnet Aquires More Movies · General Daytime News