Liberty Media's Maffei: Wall Street is over-reacting to cord-cutting fears

Liberty Media CEO Greg Maffei said his biggest surprise of 2015 was Wall Street's "over-reaction" to reports by programmers (notably ESPN) and pay-TV customers of lost subscribers.

"There are some challenges around that, but [pay-TV] isn't going away," Maffei said, speaking at the UBS Global Media and Communications Conference. "Cord-cutting isn't happening in a quick time frame."

Maffei was followed on the same stage later by Time Warner Cable (NYSE: TWC) Chairman and CEO Rob Marcus, who acknowledged that cord-cutting is indeed a trend, but juxtaposed this confirmation by reminding investors that TWC is poised to grow its video subscriber base for the first time in a decade. 

You can read more about Maffei's UBS appearance in this Deadline Hollywood story

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