Critical Minute - Mark Cuban charms at TV conference

Basketball’s bad-boy owner Mark Cuban, who pays $50,000 fines to the NBA more often than New York...  More »

Basketball’s bad-boy owner Mark Cuban, who pays $50,000 fines to the NBA more often than New York drivers shell out for parking tickets, actually had some kind words this week -- for the TV industry. Mark Cuban, a dot-com billionaire who appears on ABC’s VC-pitch show Shark Tank, fiercely defended terrestrial and cable TV versus the internet-based over-the-top (OTT) model of delivering video to consumers. "The Internet is designed for everything but video," Cuban told CNN's Poppy Harlow, who was covering the NATPE conference in Miami. "Television has become the medium for starting the social conversation that more people participate in than any other medium." In addition to owning the Dallas Mavericks, Cuban owns the cable channel AXS TV, which explains why he’s so bullish on old-fashioned TV and less enthusiastic about YouTube’s attempts to steal market share. "People like bundles," Cuban said about cable TV at NATPE. "People don’t like to work for their entertainment. They’ll pay a premium if it saves them time."  « Less