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“Although it is tempting to point to over-the-top video as a potential culprit, we believe economic factors such as low housing formation and a high unemployment rate contributed to subscriber declines in the second quarter,” said SNL Kagan analyst Mariam Rondeli.

Who give’s a crap if you kill cable? Really, are we going to keep that vegetable alive? If cable needs to die, let it! We don’t sit around worrying about the typewriter industry going belly up. Why is keeping cable so important?

For years we’ve touted progress, progress, progress in the corporate world. Now that they are making money hand over fist, and progress now begins to strip those companies of their profit margins, it’s all about maintaining the status quo!

Consumers Dropping Pay TV Services By Patrick Seitz

The number of subscribers to cable, satellite and telecom TV services in the U.S. fell for the first time ever in the second quarter, according to research firm SNL Kagan.

The U.S. multichannel TV market lost 216,000 customers last quarter, vs. a gain of 378,000 a year ago. The total number of subscribers to cable, satellite and telecom video fell to 100.1 million in the second quarter, SNL Kagan says.

Cable TV firms lost 711,000 subscribers last quarter, while satellite and telecom TV services managed to add 81,000 and 414,000 subscribers, respectively.

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“Although it is tempting to point to over-the-top video as a potential culprit, we believe economic factors such as low housing formation and a high unemployment rate contributed to subscriber declines in the second quarter,” said SNL Kagan analyst Mariam Rondeli.

Many analysts believe over-the-top TV eventually could upend the pay TV business. OTT TV is video programming delivered over broadband Internet and bypassing traditional service providers.

Steve from Canada writes:

These Cable and Satellite companies make me sick they don’t pay for the signal they broadcast but yet they charge the customer as if they are getting charged themselves. No wonder why they make so much in a year they put out a signal called HD now if you want to watch that you need to rent a box at 50.00 a month then you add on channels now you are looking at 75.00 more dollars because you have to buy packages not single channels. Now you are stuck with channels you are not going to watch because they put the popular ones with channels you don’t even like. Now I know how Rogers has gotten so big years ago when they started they just did cable now they own an empire from all the money they have made from us. Why in Europe and the states is cable and satellite so cheap compared to here because we as a society do not demand change for the people but the companies demand change from us. For myself if they want me to pay more I will cancel my subscription. That will be 100 less dollars for these fat bastards.

This entry was posted on Friday, August 27th, 2010 at 9:41 am and is filed under All Posts, North America. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Comments

  1. September 5, 2010 @ 10:17 am


    Maybe alot of it is the fact that the programming isn’t worth the money. I had the premium package with all the movie channels for a few years and I realized that I hardly ever watched any of them. I just don’t like most of the garbage coming out of Hollywood these days. I watch mostly older TV shows and movies and am a big fan of TCM but even that only recycles the same movies every six months. I would like to get Netflix and cancel my satellite permanently but I live in a rural area and have satellite internet which has restrictions on the amount of internet content you can download each day.

    Posted by Robert
  2. September 10, 2010 @ 10:27 am


    Who needs cable television? The news sucks unless you actually believe that garbage. Basic $9.99 package to get the weather if the internet goes out.

    Posted by Mia

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