How bad is the economy?

SO bad, even cable companies have noticed:

For all the talk about competitive threats from the likes of Netflix Inc or Apple Inc, it is rising poverty among households that TV executives say is their biggest source of concern.

Executives from News Corp, Comcast Corp and Time Warner Inc, speaking at the annual Cable Show industry event, made clear the industry needed a stronger housing market and better jobs picture to win new customers and keep existing ones.

“We have to be sensitive in making sure we have a product that consumers can afford,” said Pat Esser, president of privately held Cox Communications, speaking at the industry’s biggest yearly event.

Investors and analysts, with a few exceptions, can often be heard worrying more about how the cable industry will cope with cheaper entertainment packages from rivals such as Netflix, Amazon.com Inc or Google Inc.

Time Warner Cable Chief Executive Glenn Britt, however, was one of the executives focusing on the hazards of a bad economy.

“There clearly is a growing underclass of people who clearly can’t afford it,” he said. “It would serve us well to worry about that group.”

8 thoughts on “How bad is the economy?

  1. netflix is so much cheaper than cable, and I don’t have to pay for anything I don’t want to watch.

    When the US made the unnecessary switch from broadcast to digital tv, I refused to pay one dime for that stupid converter box. Instead we plugged the internet cable into the TV and voila, everything we had before. Until comcast cut us off.
    At that point, I said “fuck it. TV’s stupid, I only like one or two shows, and it’s not worth it.” Best decision I ever made.

  2. Brendan: May I ask how you get your Internet service?
    I get TV and Internet from Time Warner. They’ve been much more understanding of my payment problems than Verizon has been.

  3. When they did the conversion I bought a modest new TV that was digital ready. I thought that the cost of the new TV over the next twenty years (as long as I had my old TV) would be far less than the monthly cost of cable or direct TV. I haven’t had cable for years.

  4. If you don’t watch sports, there is really nothing on except the Weather Channel and marathon reruns of four or five series (Law and Order, CSI, NCIS, etc.) and you can buy a whole season’s worth of episodes of one of those series for $25, half of what you pay for a month’s cable.

  5. “It would serve us well to worry about that group.”
    Because, you know, if they don’t serve themselves, who the fuck will?

  6. Wow, the economy is so bad that people are pulling the plug on Fox News!

    “It’s an ill wind that blows nobody good”, as my mean old grandma used to say.

    Unhooked from Fox, what are these poor souls going to do???

    Hitchhike to the public library and read books for free?

    Tune into PBS for the NEWSHOUR and NEED TO KNOW?

    Yeah, I know I’m a dreamer, but it maybe a few of these poor souls will actually take look around themselves and try to figure out why they got so poor they can no longer afford cable…

    AARGH, still dreaming….

  7. “It would serve us well to worry about that group.” Fuck you media, you created that group. And for what it’s worth welcome to our world. The increasingly less relevant majority of humanity. What made you think your masters will continue to need you when the Feudal system returns?

  8. I’m with Purple Girl — I’d drop cable, but I appreciate dependable broadband (sucky as US broadband is!). I also went to phone service through Cablevision, and I get only the broadcast basic TV on cable since reception so poor in my area (cost has gone up to, iirc, under $13 — it’s the broadband which is costly).

    What DO people do for decent broadband service without cable? I had DSL which was almost unending tech issues and problems.

    HOW do you get broadband without cable involved?

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