Friday, November 1, 2013

Report: CableTV Feels the Pressure From Telecom Rivals

Telecom operators began building pay-TV services nearly a decade ago, but third quarter earnings over the past few days showed operators like AT&T’s U-Verse and Verizon’s FiOs are finally becoming formidable rivals to cable carriers, at least in markets where they operate, WSJ reports.

Illustrating the point: the top two cable providers, Comcast Corp. and Time Warner Cable Inc., shed 435,000 video customers in the quarter, while AT&T and Verizon added 400,000.

The power shift could have significant implications for the TV industry, as public actions and statements by the phone operators suggest they are more focused on delivering strong broadband products and willing to experiment with video streaming subscription services — already a rising source of competition for the traditional TV industry, the story notes.

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