Costs Biggest Driver of Cord-Cutting, Charter CEO Says

The acceleration of cord-cutting and cord-nevering is due more to costs than virtual MVPD growth, Charter Communications CEO Tom Rutledge said Wednesday at a MoffettNathanson event. He said subscriber losses over the past five years are at the margins, with the bulk of customers sticking with pay-TV packages. Programmers increasingly are interested in "rekindl[ing] an affiliation" instead of just a transactional relationship, with Charter helping them sell their products, Rutledge said. He said in coming years, the cost trajectory for content "is marginally going to change to our benefit, but not much. On the edges, there's a lot of pressure on the price for content companies."