November 18th, 2010
Surely this report from the FT will prompt a Wired cover story telling us that the Age of Cable TV is already over. But the news that cable subscriptions are down sharply from a year ago does not seem, ipso facto, to mean that people are leaving pay cable for internet TV. That’s possible, of course, but it seems just as possible that cable is now feeling the pinch of the Great Recession with consumers looking to cut household costs by any means possible.
Not that cable operators need to worry. Because even if subscribers migrate away from TV subscription services to watching TV over the internet (via iTunes, Hulu, Netflix, MLB.com, etc.), you know who they still have to pay to get onto the internet? Cable operators.
Silicon Valley snobs may look down on it, but it’s good to own the dumb pipes.
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