Is Pay-TV’s Demise Happening Sooner Rather than Later?
Traditional cable and satellite providers are being served with a wake-up call after second-quarter reports were recently provided to investors. The danger of cord-cutting is very real, evidently to the tune of a 0.3 percent decline in subscribers equal to a loss of 360,000 consumers. “Cord cutting used to be a myth,” analyst Craig Moffett said to All Things D.”It isn’t anymore.”
A pay-TV subscriber summary provided by Moffett Research shows just how dire the situation is: