Slashdot Mirror

← Back to Stories (view on slashdot.org)

Cord Cutting Accelerates as Pay TV Loses 1 Million Customers in Largest-Ever Quarterly Loss (usatoday.com)

Posted by msmash on from the no-thank-you dept.

Cable and satellite TV providers lost about 1.1 million subscribers during the July to September period, the largest quarterly loss ever -- and the first time the industry lost more than 1 million subscribers in a quarter, according to media and telecommunications research firm MoffettNathanson. From a report: After Dish Network reported its third-quarter earnings this week, the New York-headquartered research firm tallied up the publicly reported subscriber losses to arrive at the finding. Dish lost 341,000 subscribers in the third quarter, compared to adding 16,000 in the same period a year ago. Overall, Dish lost 367,000 satellite subscribers but added 26,000 Sling TV subscribers, the company said. Rich Greenfield, a media and technology analyst with financial services firm BTIG in New York, arrived at a similar conclusion and called it "the third-worst quarter in industry history and worst since Q2 2016."

4 of 133 comments (clear)

  1. They raised my bill to $80/mo by rsilvergun · · Score: 5, Insightful

    metered. I managed to get a deal on "business" class for $100/mo to go unmetered, but eventually they'll get wise to that and I'll have to pay $140+/mo.

    They're well aware we're cutting the cords. If anything they like it. Right now they have to pay each and every channel to run them. With cord cutters I pay $100+/mo for the line and then $70/mo for all my services. Worst case they break even and best case best case they come out ahead. Internet is cheap to provide.

    --
    Hi! I make Firefox Plug-ins. Check 'em out @ https://addons.mozilla.org/en-US/firefox/addon/youtube-mp3-podcaster/
  2. Re: Too much social engineering by Anonymous Coward · · Score: 2, Insightful

    Should just remove it now and use a pay-for-play on demand TV app. You can get GoT for about $3/episode or $23 for a whole season as soon as it airs. Or just use HBO itself.

  3. Re:Still about the last mile by Alwin+Henseler · · Score: 5, Insightful

    Then vote politicians in office that put that last mile under state or municipal control. So that people can be wired up @ reasonable prices. Then make the commercial competition a thing of what happens on the other end, on those wires. Infrastructure under people's control, content provided over that infrastructure = competition among commercial parties.

    Oh US... politics crazy, you're fucked LOL

  4. Re:Still about the last mile by jeff4747 · · Score: 4, Insightful

    Ya might wanna google "Natural Monopoly" before thinking you can deregulate your way out of the last mile problem.