Bloomberg reports that (video) the 83% penetration rate of traditional TVs in households could...

|By:, SA News Editor

Bloomberg reports that (video) the 83% penetration rate of traditional TVs in households could fall as the phenomenon known as "cord cutters" now has a sidekick with a new group called "cord nevers" comprised of new homeowners (mainly young) who never signed up for traditional TV service. Demonstrating the point, Credit Suisse reports that of the 1.8M new household formed last year, only 17% signed up for cable or satellite services - a trend that if it continues could hit TV-related stocks such as CHTR, CMCSA, TWC, DTV, and DISH squarely in the gut.