At a conference in New York, Time Warner CEO Jeff Bewkes downplayed the threat of cord-cutters and other groups to the future of cable, emphasizing the value of bundled offerings. Bewkes characterized cord-cutters as a small group of low income households, and “cord-nevers” — those who grew up without cable television — as wealthy kids who buy “three Starbucks a day” and don’t care about the cost of content. He also explained that the true value of cable and internet has actually increased over the years, stressing that more channels and faster speeds are being offered without a huge spike in customer costs. Large content providers have resisted the change to digital consumption, keeping a tight grip on many of their programs while..
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Time Warner CEO confident in the value of cable, not worried about alternatives