Wall Street Turns Off TV: How to Fix the Stock Slide

photo: The Hollywood Reporter

The skinny bundle is a phenomenon born of the fact that U.S. households have been paying for an average of 194 channels while only watching 17 of them, according to Nielsen. As for cord-cutting, MoffettNathanson says the number of households that have dropped pay TV (coupled with new households that never bothered to subscribe) has grown to 2 million. The pay TV sector was shrinking at an annual rate of 0.1 percent a year ago, though this year it has shot up to 0.7 percent. And several analysts are encouraging conglomerates to hedge bets with investments in digital media. Viacom has kicked the tires on the likes of Funny or Die, CollegeHumor and The Onion, while Comcast is considering stakes in Vice Media, BuzzFeed and others. – Paul Bond, The Hollywood Reporter