Cable Center Sells 75,000-Square-Foot Denver Headquarters as Cord-Cutting Shrinks a Once 100-Million-Home Industry
Updated
Updated · The New York Times · Sep 13
Cable Center Sells 75,000-Square-Foot Denver Headquarters as Cord-Cutting Shrinks a Once 100-Million-Home Industry
1 articles · Updated · The New York Times · Sep 13
Summary
The Cable Center sold its 75,000-square-foot Denver headquarters this summer and moved its collection into storage plus a temporary 8,500-square-foot office nearby.
Mounting bills and weak fund-raising drove the downsizing, which mirrors cable television’s broader decline after years of cord-cutting.
More than 100 million U.S. households once subscribed to cable in the 2010s, and cable networks still accounted for 40% of U.S. TV viewing five years ago, according to Nielsen.
The building had been conceived in the late 1990s as a monument to cable’s future, backed by industry leaders including John Malone.