Consumers are keeping their cable TV subscriptions despite emerging online alternatives, Viacom CEO Philippe Dauman told CNBC's "Power Lunch" on Tuesday.
"If you look at all the technological advances and all the great content that exists today and the ability of people to watch that content on multiple screens, there's never been a better time for television," the Viacom executive said.
He said that consumers want more content that they can watch on multiple devices whenever they want. "We're already doing some of that," Dauman said. "We need to do more."