Mark Holtz
06-23-09, 10:39 PM
From New York Times:
Cable TV’s Big Worry: Taming the Web What is at stake is perhaps the last remaining pillar of the old media business that has not been severely affected by the Internet: cable television. Aware of how print, music and broadcast television have suffered severe business erosion, the chief executives of the major media conglomerates like Time Warner, Viacom and NBC Universal have made protecting cable TV from the ravages of the Internet perhaps their top priority.
“The majority of profits for the big entertainment companies is from cable programming,” said Stephen B. Burke, the president of Comcast, the nation’s largest cable company.FULL ARTICLE HERE (http://www.nytimes.com/2009/06/24/business/media/24pay.html?_r=1&ref=technology)
Cable TV’s Big Worry: Taming the Web What is at stake is perhaps the last remaining pillar of the old media business that has not been severely affected by the Internet: cable television. Aware of how print, music and broadcast television have suffered severe business erosion, the chief executives of the major media conglomerates like Time Warner, Viacom and NBC Universal have made protecting cable TV from the ravages of the Internet perhaps their top priority.
“The majority of profits for the big entertainment companies is from cable programming,” said Stephen B. Burke, the president of Comcast, the nation’s largest cable company.FULL ARTICLE HERE (http://www.nytimes.com/2009/06/24/business/media/24pay.html?_r=1&ref=technology)