Major Cable CEO: Cable is Going Away

Research firm MoffettNathanson, by way of The Wall Street Journal, reported that pay-TV lost 179,000 subscribers, more than 100% higher than last year's corresponding quarterly loss of 83,000. Perhaps the most interesting takeaway from the report was a quote from James Dolan : "Ultimately cord-cutting and going to over the top is something we do believe is going to happen and we are preparing ourselves for it." And while that sounds like a quote that should come from a network, an investor, or a consumer, it didn't. In fact, Dolan is the CEO of Cablevisión, the seventh-largest cable company in the United States by subscriber count. [...] Dolan noted his company's investments in broadband as a possible path forward. That makes sense: While pay-TV providers compete with over-the-top and streaming services, those services cannot reach the home without Internet service providers. As Netflix and other streaming services become more popular, and steal more pay-TV market share, pay-TV providers appear to want to capture that value by adding broadband subscribers and pricing accordingly. - Jamal Carnette,The Motley Fool [via/web:http://streaming-tv.us]