Media chiefs “no cord cutting here”
Results conferences have given media conglomerate chiefs to respond to analyst fears that OTT services will see their subscription bases decline because of cord cutting.
Time Warner did allow that it predicted subscribers to HBO will fall by about 1.5 million by the end of 2010, but stressed that they did not believe the reason was that consumers were shutting off cable to be entertained online. Jeffrey L Bewkes, Time Warner’s CEO, said: “We doubt we’re going to see it [cord cutting], although we’ll all watch for it.”
Chase Carey, the president of News Corporation, said simply, “I don’t see it.”