Maybe Internet won’t kill cable any time soon, but there’s no question change is coming. The Wall Street Journal recently sat down with legendarily irascible Cablevision exec James Dolan and, as part of a longer interview, got him to admit that the next few years aren’t going to be a cakewalk:
He added that the cable-TV industry is in a “bubble” with its emphasis on packages of channels that people are required to pay for, predicting it will mature “badly” as young people opt to watch online video rather than pay for traditional TV services.
Hell, he even admits he barely watches TV at this point and when he does, he joins his kids and they default to Netflix. Mr. Dolan told the Journal that “there could come a day” when his company focuses on selling broadband, rather than cable. Nice to hear someone in the business admit it, as opposed to denial (it’s not just a river in Egypt!) or filing a flurry of extra lawsuits against Aereo, just in case. Wonder what he thinks of Google Fiber?
Can’t wait for cable providers to jack the cost of broadband up to $150 a month to compensate for the lost revenues, though.