Aug
13
Cord-Cutting Ramps Up as Pay TV Sees Record Subscriber Losses
Posted in: Uncategorized
Cord-cutting is gaining steam.
Pay-TV services recorded their biggest-ever quarterly drop in subscribers, losing 625,000 TV customers, according to a report Thursday from the research firm SNL Kagan.
While about 100.4 million households still pay for traditional pay TV, the report underscored investors’ fears that cord-cutting is gaining momentum and starting to fray the TV industry’s business model.
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