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Economy
In reply to the discussion: STOCK MARKET WATCH -- Wednesday, 20 March 2013 [View all]xchrom
(108,903 posts)11. Verizon, Cablevision emerge as unlikely allies of cable-TV customers fed up with bundling
http://www.washingtonpost.com/business/technology/verizon-cablevision-emerge-as-unlikely-allies-of-cable-customers-fed-up-with-bundling/2013/03/19/11fe0dac-900d-11e2-9cfd-36d6c9b5d7ad_story.html
Cable viewers have long complained about paying ever-higher bills for hundreds of channels they dont want to watch. Now, in a twist, some cable companies are beginning to agree.
Verizon and Cablevision are publicly pressing media companies that own the programming to stop pushing them to distribute unwanted channels and instead offer cable bundles based on what viewers actually watch.
If successful, the efforts could lead to cheaper options for consumers and a sea-change in how the television industry has done business and protected its profits for more than two decades.
Such change has become necessary, Cablevision and other cable companies argue, as more Americans cut their cable cord in favor of cheaper Web-based video provided by Netflix, Apple and Amazon.com. Today, 5 million households get their television solely from the Internet, up from 2 million in 2007, according to Nielsen.
Cable viewers have long complained about paying ever-higher bills for hundreds of channels they dont want to watch. Now, in a twist, some cable companies are beginning to agree.
Verizon and Cablevision are publicly pressing media companies that own the programming to stop pushing them to distribute unwanted channels and instead offer cable bundles based on what viewers actually watch.
If successful, the efforts could lead to cheaper options for consumers and a sea-change in how the television industry has done business and protected its profits for more than two decades.
Such change has become necessary, Cablevision and other cable companies argue, as more Americans cut their cable cord in favor of cheaper Web-based video provided by Netflix, Apple and Amazon.com. Today, 5 million households get their television solely from the Internet, up from 2 million in 2007, according to Nielsen.
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