- Over the last three calendar years an estimated 5M cable and broadband subscribers have been lost as the Pay-TV sector continues to feel the impact of cord-cutting and the coming of age of cord-nevers.
- The consumer shift toward viewing content on the Internet and mobile devices is so well-entrenched that the industry could dip below the 40M subscriber mark for the first time in over five years. A major surprise is that the viewing slump also include major sporting events which were once considered the lynchpin strategy to prevent the cord-cutting phenomenon. (BI chart)
- The recent surge in cable/media stocks is a result of the industry deciding it won't just sit on its hands amid stalled growth and will be open to consolidation.
- Previous: Putting a number to cord-cutting.
- Related stocks: CHTR, CVC, TWC, CMCSA, DISH, DTV.
- Related ETFs: PBS.
No denying it: Cord-cutting greatly impacting Pay-TV sector
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About CHTR Stock
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Symbol | Last Price | % Chg |
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CHTR | - | - |
Charter Communications, Inc. |