Cord-Cutters Drive Cable TV Subscribers to a 17-Year Low (houstonchronicle.com)

An anonymous reader quotes the Washington Post: On Wednesday, AT&T told regulators that it expects to finish the quarter with about 90,000 fewer TV subscribers than it began with. AT&T blamed a number of issues, including hurricane damage to infrastructure, rising credit standards and competition from rivals. The report also shows AT&T lost more traditional TV customers than it gained back through its online video app, DirecTV Now. And analysts are suggesting that that's evidence that cord-cutting is the main culprit... "DirecTV, like all of its cable peers, is suffering from the ravages of cord-cutting," said industry analyst Craig Moffett in a research note this week. Moffett added that while nobody expected AT&T's pay-TV numbers to look good, hardly anyone could have predicted they would look "this bad."

The outlook doesn't look much healthier for the rest of the television industry. Over the past year, cable and satellite firms have collectively lost nearly 3 million customers, according to estimates by market analysts at SNL Kagan and New Street Research. The number of households with traditional TV service is hovering at about the level it was in 2000, according to New Street's Jonathan Chaplin, in a study last week. Other analysts predict that, after factoring in AT&T's newly disclosed losses, the industry will have lost 1 million traditional TV subscribers by the end of this quarter.

Comments

specialized media delivery is obsolete

[sittingnut]

given that media can be delivered and consumed, without change in quality or convenience, through generalized methods, like the internet, specialized ways of delivery and consumption will be obsolete.
some specialized ways, like movie theaters, may last a bit longer because they enable consumption experience not yet available through generalized methods .

Re:specialized media delivery is obsolete

[slack_justyb]

through generalized methods

This is the thing that should get people moving and yet barely incites a reaction. The Internet is only a generalized method because of net neutrality. If that is gone, the Internet is no better than having cable TV or Sat TV, it just becomes a standard piece of hardware like a TV, but the TV itself is useless without content. The Internet works because content is equalized and it is equalized because it is all served the same way at the same rate without regard of the origin. I can't understand why American's are not marching with tiki torches in hand outside the FCC building, it literally boggles my mind.

Dear cable providers

[OneHundredAndTen]

Start offering services a la carte, at a reasonable price, and many of us might consider signing up again. Persist in your ridiculous extortions tactics, whereby to watch a couple of channels that people are interested in they have to pay for dozens that only carry junk, and expect the rate of defections to increase. Your call.

Cord cutting is not the reason.

[140Mandak262Jamuna]

Cord cutting is not the reason, it is merely the symptom.

The cable companies are regulated utilities, granted monopoly in the areas they operation. They pushed through rate increase after rate increase, bundled useless channels, had abysmal customer service and all the arrogant entitlement attitude that comes with being a monopoly.

All their infrastructure has already been paid for thanks to friendly regulators and relentless rate increases. They could have dropped their prices and made it impossible for the wireless companies to compete. They could have improved customer service. But no. They believed they are entitled to cash delivered to their coffers in fire hoses. They believed they had the customers by their balls and wanted to how hard the customers will scream and how hard they can squeeze.

They can still fight back. Their infrastructure has been paid for, and it has much larger bandwidths than cell towers. They can compete if they wanted to compete.

But they don't want to compete. Looks like.

Re: Lessons to be learned

[Monster_user]

I like being able to watch TV on my own schedule. Not having to miss out on my preferred shows due to conflicting schedules regarding things more important or time sensitive than relaxing.

Re:NFL might lead to an acceleration

[schematix]

yah. i am. haven't watched a single NFL game all season and that comes from someone who has watched the NFL constantly for decades. i don't even consider myself to be extremely patriotic. it's not about the flag. to me the issue is deeper. its thugs protesting that when they break the law, they shouldn't be punished. i am not ok with supporting people who go out of their way to support people who break the law. As a white person have *never* had a positive interaction with law enforcement. I've been pulled over multiple times for "speeding" when i wasn't speeding (i'm not a speeder as evidenced by the fact i've had never had speeding ticket). these were all police mistakes or phishing expeditions. However, i remained honest and respectful in the face of false accusations, and the issues were resolved. If you run from the police, attack the police, or otherwise don't act as requested you are on shaky ground. it's not racism. it's stupidity and i don't support it.

Re:NFL might lead to an acceleration

[grasshoppa]

Offended might be the wrong word. What's actually happening is far worse ( for the NFL ).

Let me ask you this: Why do people cheer for specific teams? Rosters change, coaches come and go, management and owners change. Hell, you can't even rely on a team to stay in the same city. When you come right down to it, people are fans of nothing more than a name. So how does that work? How does slavish devotion to a name result in very serious amounts of cash being extracted from fans?

Tribalism. Humanity is, at it's core, tribal. Fans view these teams as "their tribe", which enables all the other behaviors that follow. And as long as that reality is maintained, the cash will continue to flow.

Enter the protests; the protesting players are no longer a part of the tribe. They are shattering that reality. Without realizing it, fans are waking up to the fact that it's just a team name and one they can live without.

So offended is probably the wrong word. If you offend a friend, you can apologize and everything is fine. The NFL protests, however, are creating a dynamic where the fans can't go back to being in the same tribe as their team's players. Even if the players profusely apologize ( which I doubt, given their recent remarks ), the fans will always have doubts, and those doubts will translate into a very serious loss of revenue.