Yes, domestic consumers are starting to cut the pay TV cord, or not signing up in the first place. And, yes, TV ratings and ad sales are diminishing. But Fox CEO James Murdoch told the Goldman Sachs Communacopia Conference this morning that he remains optimistic about the business.
With the pay-TV ecosystem under attack from rivals like Netflix, Apple and skinny bundles, traditional TV viewing shrinking by double digits for months and media-company shares tumbling, media moguls are expected to be questioned about their plans to turn around their battered ships at the upcoming Goldman Sachs 24th Annual Communacopia Conference.
