It’s no secret that many consumers are choosing to cut ties with their TV subscriptions – and new data say it’s only becoming more common.
More than 1 million people canceled their cable or satellite TV plans last quarter. It’s the largest drop in overall number of subscriptions the industry has ever seen, and the fastest rate of decline – continuing a trend that’s pushed some companies to consider developing competing cheaper services.
Meanwhile, the customer base of online television providers (like Sling and YouTube TV) continued to grow in the third quarter, but at a slower rate.
Larry sits down with Wall Street Journal telecommunications reporter Drew FitzGerald and telecom analyst Craig Moffett to talk the latest numbers and what they mean for the television industry moving forward.
Craig Moffett, telecom analyst and founding partner of New York-based research firm MoffettNathanson LLC; their most recent quarterly cord-cutting report came out earlier this month