Time Warner Cable president and CEO Glenn Britt said the company is starting to see revenue-generating units and new service sign-ups slow from last year's pace. In fact, Britt said at the UBS Global Media and Communications Conference that he couldn't remember anything like the current economic slowdown at any other time during his career. TWC has not offered specifics, but likely will decrease capital spending next year.
Among current trends, Britt said demand for DVRs is down by 40 percent, though he did not pin this specifically on the economy, and also expressed confidence that subscribers weren't going to disconnect service.
He is not the first one to suggest that TV services are basically safe from whatever the economic crisis has to dish out, but what if it gets worse, like our President-elect last weekend said it probably will?
- Light Reading's Cable Digital News has this post
Is the economy favoring couch potatoes?
Third quarter telco TV numbers looked pretty good