|
Cable TV Companies Lost 500,000 Subscribers in Q3 2010 |
|
|
|
Bad news for cable TV companies in the United States. Apparently, the cable TV industry has just lost a whopping 500,000 subscribers in Q3 2010, and big cable TV companies are already playing the blame game, which points to the weak economy, and increased competition from over-the-top video providers.
And according to GigaOM’s calculations, Comcast took a gigantic blow, whereby they lost a whopping 275,000 customers for that particular quarter of the year. Time Warner followed suit by loosing 155,000 subscribers, while Charter Communications and Cablevision lost 63,800 and 24,500 respectively. The total number of subscribers who switched networks totaled at a staggering 500,000.
Surely, another factor which dealt a serious blow to existing cable TV subscribers, is the fact that cable TV providers nonchalantly raised prices for their services for existing customers – that’s a very bad move, especially in this economy right?
 |
Subscribe to this comment's feed
