Verizon Communications CEO Ivan Seidenberg just confirmed what many industry watchers have suspected: cord cutting is a problem.
All Things Digital's Peter Kafka reported that Seidenberg told attendees at a Goldman Sach's media conference in New York that future generations of consumers won't have any interest in buying service bundles, which can include Internet, pay TV, and telephone.
"Young people are pretty smart. They're not going to pay for something they don't need to," he said.
Seidenberg noted, though, that bundling isn't going away immediately.
It may happen sooner than he thinks. … Read more