Cable TV’s subscriber losses in 2019 dwarfed the population of Los Angeles
"The media industry is finally facing that long-feared moment of accelerating cord-cutting.”
That's one of the it-should-go-without-saying highlights of a new research note published this week from Wall Street analyst firm MoffettNathanson, the big takeaway from which is that the cable TV industry continues its long, slow process of bleeding out thanks to being gutshot from cord-cutters. 2019, according to the new report, was another watershed year for the industry, with subscriber losses hitting 6 million over the course of the year -- a decline of 7% compared to 2018.
We all know what's driving this trend. Cable service sucks. The prices are too high and keep rising. Customers are also constantly subjected to trickery, hidden fees, and other bits of subterfuge so that a dying industry can keep squeezing a little more money out of the customers who remain. There's also something else, though.
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Cable TV’s subscriber losses in 2019 dwarfed the population of Los Angeles originally appeared on BGR.com on Fri, 21 Feb 2020 at 21:37:37 EDT. Please see our terms for use of feeds.