The Sofa Wars - Plenty to Watch Online, but Viewers Prefer to Pay for Cable
Entrepreneurs will “keep storming the castle until somebody figures it out,” Mr. Moffett wrote in a recent note to investors. But he also called cord-cutting “perhaps the most overhyped and overanticipated phenomenon in tech history.”
Plenty of people say they have foresworn cable for good. They are largely young adults who know their way around the Internet and have grown accustomed to watching video on computers and other devices.
The Times/CBS News survey found that people under the age of 45 were about four times as likely as those 45 and over to say Internet video services could effectively replace cable.
» via The New York Times
