True Pundit

Business Technology

Cord-cutting spikes fivefold in cable TV’s worst quarter ever

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Cable’s day of reckoning has come. With all the major cable and satellite companies having reported their quarterly numbers, analyst firm MoffettNathanson put together a new cord-cutting report, and things are bad.

Pay-TV providers lost an estimated 762,000 pay-TV subscribers over the first three months of this year—five times more than they lost during the same period last year. To make matters worse, Q1 has historically been a strong season for pay TV.

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