Face It, Cable: You're on the Way Out
Michael Wolff: Execs haven't wised up to industry's demise
By Matt Cantor, Newser User
Posted Feb 18, 2013 11:07 AM CST
Updated Feb 18, 2013 1:40 PM CST
In this Feb. 2, 2009 file photo, a Time Warner Cable truck is parked in New York.   (AP Photo/Mark Lennihan, file)

(Newser) – Cable TV is "on the fast train to oblivion," but you won't hear that from its executives. The latest financial results from Time Warner and News Corp are upbeat, and Comcast has decided to snap up the rest of NBCUniversal ahead of schedule. But the disastrous future for these companies is "emperor's-no-clothes obvious," writes Michael Wolff at USA Today. The bigwigs pretend that people aren't "cord-cutting," but the reality is that "virtually everybody has cut it or is flirting with the possibility of cutting it or being harangued by their children to do so."

At the heart of the problem is "modern business myopia." Cable TV is deeply entrenched across the US, and for the moment, is still raking in cash—even as viewing habits have fundamentally changed. "My large television is a fully connected but dead presence in the house where a river of video, legal and not, flows over my laptop," Wolff notes. All that's left is for people to finally get around to dropping their cable service. Until then, expect the executives to remain in denial, following in the footsteps of Detroit, the music industry, and the newspaper business. Click to read Wolff's full piece.

More From Newser
My Take on This Story
To report an error on this story,
notify our editors.
Face It, Cable: You're on the Way Out is...
Show results without voting
You Might Like
Showing 3 of 50 comments
Feb 19, 2013 5:38 PM CST
Very appropriate that the cable company here is Phoenix is named "Cox". They suck. Bastards kept billing me AFTER I told them to disconnect my service, then they sent it to a collection agency for non-payment. Bloodsuckers!
Feb 19, 2013 11:13 AM CST
upto I saw the receipt which was of $4884, I did not believe ...that...my mother in law woz actualie making money part-time on their apple labtop.. there moms best frend has been doing this 4 less than twenty two months and just cleard the loans on there apartment and bourt a great new GMC. we looked here, JUMP30.COM
Feb 19, 2013 10:10 AM CST
@newser-315f1ecdae92429174007873db7818c6:disqus : I started a side business helping locals, many of them Baby Boomers, break up with cable. Sure, trying to get the retired lady down the street to switch to a 10" tablet screen would be a burden. But swap her cable box & VCR out for a PC with a wireless remote? She only notices the difference in her bill each month. For those of you who have concern about plasma vs. LED or various formats of HD, allow me to put you to rest: I've made well over a hundred house calls in my local area. The vast majority either don't have high-end HD capable systems anyway or don't notice it if they do. I have had ONE person complain about a quality issue from laptop->HDMI->TV and he was young. The Boomers buy new TVs because they're big and cheap, not because of their color depth or stunning-3D-enabled screens.