Nov
12
TV Cord-Cutting Could Still Be Worse
Posted in: UncategorizedThe top pay-TV companies lost a total of 75,000 video subscribers in the third quarter, triple the decline of 25,000 one year earlier, as digital alternatives and destructive incidents like Time Warner’s blackout of CBS took a toll. But in some ways the figures actually suggest a certain resilience.
Wall Street research firm MoffettNathanson said it’s surprising the latest decline wasn’t worse.
For one thing, there were 366,000 fewer new occupied dwelling units in the third quarter of 2013 than there were a year earlier, according to a research note from MoffetNathanson analyst Craig Moffett. “What is perhaps more interesting than the fact that pay TV declined is that it didn’t decline more than it did,” Mr. Moffett wrote.
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