Go Back   Eurocardsharing > General Discussions > General Satellite News > Latest Satellite News

Latest Satellite News Discussion, New Pay TV safe from crunch at General Satellite News forum; Pay TV safe from crunch The US may go through an economic upheaval, but the average American will keep paying ...

LinkBack Thread Tools Display Modes
New Pay TV safe from crunch
Bacteria's Avatar
Posts: 96,015

Level: 124 [♥ Bé-Yêu ♥♥ Bé-Yêu ♥♥ Bé-Yêu ♥♥ Bé-Yêu ♥♥ Bé-Yêu ♥]
Life: 4638 / 4638
Magic: 32005 / 104102
Experience: 68%

Thanks: 1,107
Thanked 5,578 Times in 1,419 Posts
Join Date: Oct 2006
Age: 37
New Pay TV safe from crunch - 21-September-2008, 17:40

Pay TV safe from crunch

The US may go through an economic upheaval, but the average American will keep paying to watch television and escape it all - according to top executives at the largest US pay-TV providers.

Executives at the Goldman Sachs Communicopia Conference said that, while there was no doubt the pending US downturn would impact customers, they were all fairly certain the average US consumer would not cut back on cable or satellite bills.

"As we look around us at the economy, the subscription part of the business has done well," said Glenn Britt, chief executive of Time Warner Cable Inc, the second largest cable operator in the US. "I think people look to television as something they can depend on," said Chase Carey, Chief Executive of DirecTV Group, the largest satellite TV provider. "They cut out restaurants, they cut out theatres, but television is something they can hang on to in tough times," said Carey.

Investors have typically seen pay-TV stocks as recession proof or recession resistant because Americans were more likely to try and save money by staying at home to watch TV then go out. But the US economic downturn would be the first since cable operators in particular have started focusing on selling triple play packages.

Some investors and analysts have been concerned that struggling households could try to reduce bills by cutting off cable all together because the triple play bill is larger than a traditional TV only bill. But Time Warner Cable's Britt argued the triple play package offered "great value" and would in fact save money for consumers.
Reply With Quote


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Forum Jump

ECS on RSS ECS on Twitter ECS on Facebook ECS on Youtube
Follow us on:

Powered by vBulletin
Copyright 2002 - 2010, Jelsoft Enterprises Ltd.
SEO by vBSEO ©2011, Crawlability, Inc.