Though Nielsen recently argued cord-cutting is for real, using 2011 subscriber losses as proof,...

|By:, SA News Editor

Though Nielsen recently argued cord-cutting is for real, using 2011 subscriber losses as proof, Bernstein's Craig Moffett points to Q1 data as evidence the phenomenon is no big deal. Major U.S. pay-TV providers added 422K subs in Q1, Moffett notes, as gains of 375K and 185K for telco and satellite providers, respectively, more than offset a 137K drop in cable subs. Also, cable's decline was smaller than Q4's 316K.