Why him? Something surprising happened as ’07 neared its conclusion. After years of poking fun at the telcos’ video plans, cable operators’ tone surrounding FiOS seemed to change. Dare we say, they started sounding like they respected, and possibly even feared, this competitive offering? “The telecom companies have had their fits and starts, but Verizon is real. Verizon is taking video customers from us,” Comcast COO Steve Burke said at a Goldman Sachs conference this year. Seidenberg and his team amassed more than 700K FiOS video subs at the end of the third quarter for a penetration rate of more than 15%. And while cable stocks were plagued by negative investor sentiment, Wall Street seemed enamored with the telcos. Cablevision predicted that FiOS would pass 1.6mln homes in its footprint by the end of ’11 and capture 10% of video penetration. There’s been little squabbling over video franchises this year. Instead, Verizon has just been steadily rolling out its product. The next big test will be whether Seidenberg & Co can meet its goal of turning a profit before interest, tax, depreciation and amortization next year.AM
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Help CableFAX: The Magazine decide by nominating the executives you think should be included in our annual list of the Most Powerful Women in Cable. We will rank the top 50 most powerful women, and run a list of the second 50, in the November issue of CableFAX: The Magazine. Nominations are open to all cable operators, programmers, vendors and trade associations. Click here for nomination form. Deadline for nominations: Sept. 8.
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CABLEFAX: THE MAGAZINE
THE 100 POWER LIST It's time to get in your nominations for the CableFAX 100, version 2008. Nominate here. Deadline for nominations: Sept. 8.
Cable's stars turned out for the first annual CableFAX 100 luncheon at New York's Grand Hyatt last December. Catch Mad Men's Jon Hamm, Cash Cab's Ben Bailey as well as Sundance Channel's Larry Aidem and Cable Pioneer Bill Bresnan and others in our video from the wintertime event.
Who are cable's most powerful women executives?
Help CableFAX: The Magazine decide by nominating the executives you think should be included in our annual list of the Most Powerful Women in Cable. We will rank the top 50 most powerful women, and run a list of the second 50, in the November issue of CableFAX: The Magazine. Nominations are open to all cable operators, programmers, vendors and trade associations. Click here for nomination form. Deadline for nominations: Sept. 8.
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