Jiddu,
that quote was from months ago regarding TiVo and the like... he later recanted it and said he meant it as a "metaphor" or something.
But his point is interesting... basically, if the ability to skip commercials becomes commonplace, airtime will become less valuable, which means networks and the like would end up charging less for commercial airtime and therefore have less of a budget to put into programming. His worse case scenario involved airtime being worthless, therefor people would have to subscribe to each network individually, which he claimed would cost up around $200 per channel per month. I think this last point is bullshit on his part, I mean, I can get 6 channels of HBO/cinemax for $50 a month, and in the case of HBO, one can argue their original programming is of a higher quality than that of the networks.