Media Congloms on Pay-TV Shrinkage: What, Us Worry?
Are these guys in denial? Cable and satellite TV operators posted their heaviest losses ever for the second quarter of 2015. MoffettNathanson estimated a drop of 566,000 net subscribers for the period, while SNL Kagan put it even higher at 625,000. True, that’s less than 1% of the total U.S. households that subscribe to TV. But the bloodletting may get worse in the months ahead, as more consumers scrap pricey pay-TV packages for a diet of Netflix, Hulu and other over-the-top services delivered via Apple TV, Roku or other devices. – Todd Spangler, Variety
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