Wow, what a shame. Couldn’t have happened to a better industry!
The cable TV business just had its worst year ever, according to Wall Street media analysts Craig Moffett and Michael Nathanson. Providers of TV, broadband and phone communications lost 687,000 subscribers during Q3, they wrote in a recent note to investors. They gained 574,000 new ones, for a net loss of 113,000, according to the LA Times:
Let that sink in:
“The cable TV business just had its worst year ever.”
Wow.
via Cable TV Cord Cutters And Net Subscription Losses – Business Insider.