It’s too soon to write the epitaph for the fat cable bundle, according to the CEO and chairman of Charter Communications, the second-largest MSO in the U.S.
Tom Rutledge told investors Wednesday at the annual Citi 2017 Internet, Media and Telecommunications Conference in Las Vegas: “I think there’s a lot of reasons why the packages, the big rich packages, will stay together, and why people will continue to pursue their historic [consumer] patterns,” according to The Hollywood Reporter.
Charter acquired Time Warner Cable and Bright House in 2016 to become No. 2 in cable behind Comcast and No. 3 in pay TV behind AT&T/DirecTV and Comcast, THR notes.
“The exec estimated the merged entity now has around 92,000 employees, and plans to hire another 20,000 within three years,” THR reports. “Rutledge also sees Charter over time needing less capital to grow, thanks to new digital technologies that are increasingly cloud-based.”