Pay TV services bleed subscribers in ‘worst 12 month stretch ever’
Cord-cutting has become even more of a headache for pay television providers over the past year. The Wall Street Journal points us to a new report from researchers at MoffettNathanson estimating that the pay TV industry lost 113,000 subscribers in the third quarter of 2013, thus capping off what analyst Craig Moffett calls the “worst 12 month stretch ever” in the industry’s history. The biggest losers in this scenario were unsurprisingly the cable companies that have been reporting massive subscriber losses over the past year, highlighted by Time Warner Cable announcing that it lost a stunning 300,000 pay TV subscribers last quarter. Telcos such as Verizon and AT&T and satellite companies such as Dish have fared better and have reported upticks in market share even as the cable companies continue to bleed subscribers, MoffettNathanson finds.
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