Topic: pay TV subscriber losses
Charter CEO Tom Rutledge acknowledged the struggles of the traditional pay TV bundle, but predicted that the cord cutting trend would slow down soon.
Thanks largely to a drastic video subscriber drop off at AT&T, traditional pay TV providers lost close to 2 million subscribers combined in Q3.
Cord cutting and pay TV subscriber losses greatly accelerated in 2019 and that trend is expected to continue in 2020.
Altice USA continues to post relatively small video subscriber losses compared to some of its counterparts like AT&T and Comcast.
MoffettNathanson can definitively say that the early read on tradition cord-cutting is uglier than before.
AT&T had braced investors for accelerated video subscriber losses and the company delivered on its promise during the third quarter.
Charter’s video subscriber losses accelerated slightly in the third quarter of 2019 but slowed down from where they were in the previous quarter.
Comcast posted its second consecutive quarter with video subscribers losses surpassing 200,000.
Check out our updates on third-quarter results for streaming media companies, programmers, pay TV operators and broadcasters.
BELD Internet, a small broadband provider in Massachusetts, is joining the ranks of operators who have given up on selling cable television.