Pay TV Loses Record 1.3M Subscriptions So Far This Year

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Pay TV Loses Record 1.3M Subscriptions So Far This Year

By CircleID Reporter
November 15, 2016, 7:11 pm PST Views: 6,492 Add Comment

The U.S. Cable, satellite and telecommunications-based subscription video services lost 430,000 customers in the third quarter of this year, bringing the year-to-date drop to 1.3 million—the largest ever through the first nine months of the year. The research comes from SNL Kagan, an offering of S&P Global Market Intelligence, on Monday. Karl Bode, reporting in DSLReports, writes: “Most of these losses are occurring at satellite TV and telco TV providers, with cable companies only losing 94,000 pay-TV customers in the third quarter, cable’s best performance in 10 years. While cable providers will tell you their reduced losses are thanks to incredible innovation in the sector, the reality is that cable operators are weathering the cord-cutting shift better because of their growing monopoly over broadband.”

By CircleID Reporter

CircleID’s internal staff reporting on news tips and developing stories. Do you have information the professional Internet community should be aware of? Contact us.

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