TWC's Britt sees RGU slowdown

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?

For more:
- Light Reading's Cable Digital News has this post

Related articles
Is the economy favoring couch potatoes?
Third quarter telco TV numbers looked pretty good

Sponsored by Dell Technologies

Whitepaper: How to Elevate Your Content Delivery Workflows With Dell EMC PowerScale

Learn how Dell EMC PowerScale helps meet surging viewer demand while reducing costs with a single centralized platform for the ingest, processing, and delivery of the content your viewers love.

Suggested Articles

WarnerMedia scored a key HBO Max distribution deal with Comcast just as it launched in May. Nearly six months later, there still isn’t an app.

Comcast is planning new data caps and video service price increases for its subscribers in 2021.

The Apple TV remote is an often reviled peripheral device. Universal Electronics has taken it upon itself to create a different option.