OnScreen Summit: Analyst -- Stronger Housing, Economy Will Drive Cable
Reif Cohen sees subscriber improvement in second half of year
By Mike Farrell, Multichannel News -- Broadcasting & Cable, 12/6/2012 6:19:00 PM
At the Multichannel News/B&C OnScreen Summit Thursday in an interview with Multichannel News' editor-in-chief Mark Robichaux, Reif Cohen stopped short of predicting that cable operators will cross into positive video subscriber growth next year, but said that losses that have plagued the industry for years will continue to decline.
"We haven't had the benefit of housing growth in years," Reif Cohen said. "That will be a huge positive for the pay TV industry in general and cable specifically."
The analyst said that overall Bank of America Merrill Lynch is bullish on the overall economy -- the promise of renewed housing growth, continued low interest rates and a strong banking sector should translate into overall gains, especially in the second half of the year.
High programming costs will continue to divide operators and content providers, Reif Cohen said, adding that average retransmission consent fees will continue to rise.
Click here to read the full story at Multichannel News.
No related content found.
Most Popular Pages
No Top Articles