Verizon CEO Actually Recognizes That People Want To Cut The Cord

from the good-for-him dept

While many in the TV business were recently patting themselves on the back in pretending that TV had "beaten" the internet, and people weren't interested in dumping their expensive cable plans, at least some folks are recognizing where things are headed. Verizon CEO Ivan Seidenberg, who has always been more of a straight shooter than some other execs in the industry, is admitting the obvious:

"Young people are pretty smart. They're not going to pay for something they don't need to."

Such a simple sentence, and yet one that so many people are in denial about.

Filed Under: cord cutting, ivan seidenberg