Fox warns that the traditional US cable bundle is ‘fraying’

The traditional US cable bundle is “fraying” as younger viewers flock to Netflix and other streaming sites, but pricey packages of hundreds of channels will remain the way most people will watch television “for years to come”, according to Chase Carey , 21st Century Fox’s chief operating officer.

Carey told analysts that bundles still had “great value to consumers” by allowing them to “buy a breadth and choice of programming, and that includes sports.” His comments come as television programmers and distributors are grappling with how to adjust to rising digital viewership and the popularity of on-demand services like Netflix and YouTube.