Media heavyweights Disney, Time Warner and CBS are seeing shares tumble as concern grows about pay -
TV subscriber losses.
Comcast Corp. posted strong first - quarter earnings growth, despite continuing cable
TV subscriber losses, and formally submitted its $ 31 billion proposal to buy Sky PLC, one of several deals it has contemplated that could transform its business and roil its rivals.
Not exact matches
If the results from ESPN (which is traditionally seen as almost immune to market forces, because of its hold on sports programming) got the market nervous about cord - cutting and the
loss of traditional
TV subscribers, Thursday's comments from Sanford Bernstein analyst Todd Juenger poured gasoline on those fears.
Just a couple of weeks ago, any media company with significant
TV - related assets — including Disney, Comcast, 21st Century Fox and Time Warner — got hammered by investors, after a
loss of
subscribers at ESPN (which is owned by Disney) triggered fears about cord - cutting and the rise of streaming services.
Before its devastating Supreme Court
loss, the Barry Diller - backed upstart allowed
subscribers in several U.S. cities to watch and record live
TV signals via an innovative cloud - based antenna and DVR combo for $ 8 to $ 12 a month, much to the ire of big broadcasters.
Six of the largest U.S pay
TV providers posted a total of 723,000
subscriber losses during the past quarter.
Six of the largest U.S. pay
TV providers posted
subscriber losses during the past quarter.
If DirecTV gained
subscribers that fled the rival pay -
TV company, as the government argues it will, AT&T might pare its
losses to $ 195 billion.
Faced with a
loss of viewers to Internet services such as Netflix, cable programmers like Viacom are seeking to increase the per -
subscriber fees they get from pay -
TV distributors including Dish.
The merger could lead to huge
subscriber losses among AT&T's rivals in the
TV business, the survey suggests.