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Another Million Subscribers Cut the Pay TV Cord Last Quarter
Third quarter earnings data indicates that a million more US pay TV subscribers cut the TV cord last quarter. Only five of the seven biggest pay TV providers have released their third quarter subscriber data, but collectively these companies saw a net loss of 632,000 pay TV subscribers during the period (385,000 for AT&T and DirecTV, 125,000 for Comcast, 104,000 for Charter, 18.000 for Verizon FiOS TV). Dish has yet to report its own cord cutting tallies, but the company is again expected to be among the hardest hit due to a high level of retransmission fee feuds and a lack of broadband bundles. Also yet to report is Altice Communications, which now owns Optimum (formerly Cablevision) and Suddenlink.

Most recommended from 33 comments


adam1991
join:2012-06-16
united state

12 recommendations

adam1991

Member

Do the math, ESPN

A million subs, $7/month...that's $7 million/month less revenue.

That's $94 million/year less revenue.

JUST AS A RESULT OF THE LAST QUARTER.

Imagine extrapolating that to a whole year. Is ESPN losing $350 million to $400 million per year in revenue lately?

I can't *wait* to see that particular trickle-down effect.
Roadkill
Premium Member
join:2008-06-17
united state

12 recommendations

Roadkill

Premium Member

Another million

What will be the lesson learned by pay TV operators? Will they bend the knee and look for a better way to operate, or will the ISP use caps and charge more? Pay TV has long been a cash cow with a few hundred trash channels and 10 or less channels of real interest. People want to pay for what they watch instead of ever increasing rates for sports and endless copy-cat Reality TV.

Trimline
Premium Member
join:2004-10-24
Windermere, FL

9 recommendations

Trimline

Premium Member

You Know It Is Getting Bad When Burger King

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Antenna TV
You know it is getting bad when Burger King cuts the cord and goes antenna TV.
dickie757
join:2013-04-30
Portsmouth, VA

1 edit

2 recommendations

dickie757

Member

Voting with your wallet

Voting with your wallet

It would be great to be able to do this with local government.

Hold back tax dollars/put into escrow if the elected/appointed screw with our already paid for infrastructure. Or receive subsidies like the corporealations...

I vote, but I will never get back the tax dollars that go to injust decisions.