Friday, August 18, 2017

Another Million People Cut the TV Cord Last Quarter

Dear cable companies, your outdated days (and ways) are numbered.

Traditional pay TV providers lost a record 976,000 video customers in the second quarter according to SNL Kagan. While that wasn't quite as bad as many analysts had predicted, the rate of cord cutting still indicates the cable industry is in for "unprecedented annual decline” during 2017. According to the firm, the total number of traditional cable subscribers dipped to 96.1 million in the second quarter, down 1.8 million since last year. Dish, DirecTV and AT&T were hit particularly hard last quarter in particular.