Charter puts media companies on notice in bid to save pay-TV bundle

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Charter Communications CEO Chris Winfrey wants to find a way for the pay-TV bundle to live, but content companies have to get on board.

's NBCUniversal are trying to make streaming businesses profitable, they still rely on their TV networks for not only the lucrative fees they reap from pay-TV providers, but also for the content produced for the channels themselves, which often carries over to streaming.recently the legacy media companies should revert back to focusing on their broadcast and pay-TV networks, which are profitable, unlike streaming.

Often, series and movies that air on cable channels run on streaming services shortly after — sometimes just a day. Meanwhile, more and more live sports are making their way onto streaming. Some of Disney's networks fetch the highest prices in the bundle, such as ESPN, which receives $9.42 per subscriber a month, according to data from S&P Global Market Intelligence.

On a Friday call with investors, Winfrey said the talks with Disney are what negotiations with content providers would look like moving forward — a stark change for the pay-TV provider.During Charter's second-quarter earnings call in July, Winfrey said that the company was"committed to trying to find a path forward" for traditional TV bundles.

 

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