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Leading cable television executives said Wednesday that they will be largely unaffected by the expected downturn in the economy, despite becoming more dependent on costly event programming as a result of increasing channel fragmentation caused by emerging digital delivery systems.
Several hundred people attended the Hollywood Radio and Television Society’s third annual Newsmaker Luncheon featuring cable programming chiefs. Geraldo Rivera moderated the discussion at the Regent Beverly Wilshire.
“We’ve all gone through a little belt-tightening, but what’s important to remember is that we at Turner have a combination of ad-supported and pay TV business models,” TNT president of original programming Robert DeBitetto said.
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