More Cable Tv Subscribers Cutting Their Cords
There were 217,000 fewer cable, telco and satellite TV subscribers in the second quarter of this year as there were during the same period a year ago, according to a study by SNL Kagan that was released on Tuesday. The report seemed to underline warnings by analysts that viewers are likely to cut the cords binding them to expensive TV services and opt for Internet video services such as YouTube, Netflix, Hulu, Amazon Prime Instant Video, and the broadcasters' own websites instead. During the same period, the number of broadband-only subscribers -- many of them receiving their services via cable, telco and satellite providers -- increased by 294,000. The continued erosion of TV subscribers, analysts said, was probably a factor in Time Warner Cable's reported decision to cave in to CBS's demands for a substantial increase in retransmission fees.