You Kids Are Still Watching -- And Paying for -- TV, Says Pay TV Giant

The TV Industrial Complex is worried about cord-cutters -- people who are bailing on their pay-TV subscriptions and turning to the Web instead.

And the TV Industrial Complex is even more worried about cord-nevers -- twentysomethings who have grown up with Web video, haven't signed up for pay TV and may never sign up.

So here are a couple of soothing data points for the TV guys: About 75 percent of millennials are paying for cable, satellite or telecommunications television. And that number has stayed fairly steady since 2007, even though their Web video options have exploded since then.

Those data points come from ESPN, citing Nielsen. The sports powerhouse delivered them at an investor event earlier this month. So it would be reasonable if you took them with big helping of salt: “TV Business Doing Well, Says TV Business”.