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After a record number of customers cut the cord, a look at what’s ahead for pay-TV




Apple CEO Tim Cook speaks during a product launch event at Apple headquarters in Cupertino, California on October 27, 2016.
Apple CEO Tim Cook speaks during a product launch event at Apple headquarters in Cupertino, California on October 27, 2016.
JOSH EDELSON/AFP/Getty Images

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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.

Guests:

Drew FitzGerald, telecommunications reporter for the Wall Street Journal; he’s been following the story; he tweets @DrewFitzGerald

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