According to Nielsen's latest data, broadband-only homes are up by 52 percent to 3.3 million from 2.2 million year over year. Meanwhile, pay-TV subscriptions have dropped 1.2 percent to 100.4 million, from 101.6 million this time last year.
So we have a 1.1 million household increase in broadband-only, offsetting a 1.2 million household decline in pay TV.
Even Stevie Wonder can see what's happening. It's right there in the numbers. Any media or cableco exec who denies it is either deluded or a liar.
The old pay-TV paradigm is going the way of the 20th century.