Time Warner amplifies fears that viewers are deserting pay TV

  • TECH Premium
  • Thursday, 05 Nov 2015

Caught off-guard: The folks that run Time Warner are getting very nervous that audiences are abandoning pay TV for Internet TV faster than expected.

LOS ANGELES: Time Warner Inc re-ignited concerns that US consumers are shifting to Internet television faster than expected and creating challenges to major media companies that have thrived with programming on pay TV. 

Traditional media companies' shares fell after Time Warner said during its quarterly conference call that it needed to take new steps to address the shakeup in TV viewing. 

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