The number of Americans jettisoning pay TV is still fairly
small — but data clearly shows that cord-cutting is picking up the pace as the
cost of cable and satellite TV service continues to climb skyward, according to
Variety.
The U.S.
pay TV sector as a whole lost 316,000 subscribers for the 12-month period
ending in June, even as the housing market shows signs of recovering, Moffett
Research analyst Craig Moffett wrote in a research report Tuesday.
“Cord cutting used to be an urban myth. It isn’t anymore,” Moffett Research analyst
Craig Moffett wrote in a research report Tuesday. “No, the numbers aren’t huge,
but they are statistically significant.”
The latest figures showing the industry decline hit cable
operators including Comcast and Time Warner Cable the hardest.
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