Not exact matches
Comcast may have added
subscribers overall, but its NBCUniversal unit reported some weakness in
subscriber numbers, saying growth in revenue was «partially offset by a
decline in
subscribers at our
cable networks.»
Pacific Crest analyst Andy Hargreaves estimated that the top 8
cable companies lost 463,000
subscribers in the second quarter of 2015 compared to a
decline of 141,000 for the second quarter last year.
The move to streaming services has led to a significant
decline in
subscribers for the country's
cable companies, including market leader Rogers with its 5.2 million
subscribers.
After companies from
cable giant Comcast to satellite TV titan AT&T, which owns DirecTV, reported their fourth quarter results, the total number of pay TV
subscribers dropped 3.4 % from a year earlier, the highest rate of
decline since the trend of cord cutting emerged in 2010, analysts at MoffettNathanson Research reported on Thursday.
The
subscriber decline, in particular, should concern
cable and satellite TV companies.
But the
decline of
cable could be tough for smaller players, such as niche channels which currently get a share of
cable fees but might not be able to attract
subscribers on their own.
Competitive pressure from
cable and the increasing number of over-the-top video alternatives resulted in a
decline in video
subscribers, CFO John Stephens noted during AT&T's first - quarter investor call.
Admittedly, over the past 12 months the same folks have worked themselves into a frenzy as
cable subscribers have finally started to
decline, but I for one am a little stingy with credit for any prediction made annually for years.