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Cable TV Companies Are Losing Over 20,000 Subscribers Every Day As Cord Cutting Grows
Cord Cutters ^ | 07/08/23 | Luke Bouma

Posted on 07/12/2023 8:39:44 AM PDT by Enlightened1

So far, 2023 was not very nice to cable TV companies. They lost a total of 1,820,943 subscribers in just the first 91 days of 2023. That works out to be over 20,000 subscribers every day. This comes from the Leichtman Research Group, which tracks the cable TV and streaming markets.

If that trend continues, over 7 million Americans will cancel cable TV in 2023. We will soon get a good idea of how that trend is going in the 2nd quarter of 2023. In August, multiple cable and satellite companies will report earnings for the 2nd quater. This will give us a good idea of how fast cord cutting will grow.

In total, over 60 million Americans still pay for a traditional cable TV service as of the end of the 1st quarter of 2023.

Many cable TV executives had hoped that live TV streaming services like Hulu, Sling TV, Fubo, and YouTube TV would replace the losses with cable TV. So far, that is now happening as these services lost a combined 394,000 in the first three months of 2023.

Increasingly most cord cutters have decided that live TV is something they just don’t need. If you are not a sports fan, it seems like you are not interested in paying for a live TV service.


TOPICS: Chit/Chat; Miscellaneous; Society; TV/Movies
KEYWORDS: cabletv; cord; cutters; losing; media
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To: Enlightened1

The Biden effect at work! Inflation and no
cost of living increases means something needs to go….


41 posted on 07/12/2023 9:32:22 AM PDT by Lockbox (politicians, they all seemed like game show hosts to me.... Sting)
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To: Enlightened1

Of course how many of them are using their cable company as their internet company. There’s a reason these companies diversified. My cable company is also my landline, internet, and home alarm. They’ve also gotten into the cellphone market.


42 posted on 07/12/2023 9:34:39 AM PDT by discostu (like a dog being shown a card trick)
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To: CatOwner

YouTube TV, despite being owned by Google, seems to be a favorite here (no much for not feeding the beast).
————
Disappointing

Can’t really complain about YouTube and google censorship when we give money to them now can we?


43 posted on 07/12/2023 9:36:44 AM PDT by janetjanet998
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To: janetjanet998

We use Fubo TV.


44 posted on 07/12/2023 9:43:19 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: ImJustAnotherOkie

Do you recommend a specific DVR?


45 posted on 07/12/2023 9:47:00 AM PDT by BozoTexino (RIP GOP)
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To: Bob434

I get all or most of those. I used to watch TCM all the time until this year they seem to have gone completely woke. I haven’t watched them since. Plenty of film noir and old movies on regular YouTube. I will say the user interface with YouTube TV isn’t the best, but it’s workable if you spend a few minutes to set up “favorites”.


46 posted on 07/12/2023 9:47:08 AM PDT by bk1000 (Banned from Breitbart)
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To: Enlightened1

My yard man was making conversation with me the other day. He said, “Do you ever watch the crap they put on TV?”


47 posted on 07/12/2023 9:52:19 AM PDT by Luke21
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To: Enlightened1
I'm retired so I tend to watch TV alot. So I'm keeping my cable.
48 posted on 07/12/2023 9:53:06 AM PDT by McGruff (Don't underestimate Joe's ability to f*** things up - Barack Obama)
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To: packagingguy

he’s not a friend

just sayin’


49 posted on 07/12/2023 9:55:48 AM PDT by joshua c (to disrupt the system, we must disrupt our lives, cut the cable tv)
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To: central_va

Go à la carte or die.


hear! hear!


50 posted on 07/12/2023 9:57:00 AM PDT by joshua c (to disrupt the system, we must disrupt our lives, cut the cable tv)
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To: Enlightened1

There’s little to no money in traditional cable programming, as the networks screw everyone downstream for every cent. Quite a few small cable companies ditched traditional cable since it was a net loss for them to have it.

The more this happens, the more the actual consumer will see how predatory content providers can be - hence the now constant fee jumps in streaming services.


51 posted on 07/12/2023 9:59:44 AM PDT by larrytown (A Cadet will not lie, cheat, steal, or tolerate those who do. Then they graduate...)
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To: Enlightened1

Shoot...I quit years ago.


52 posted on 07/12/2023 10:00:44 AM PDT by Osage Orange
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To: Enlightened1

If they would put something over the lines worth watching other than reruns of campy shows, superhero cartoons, hundreds of product selling vessels, the same old movies over and over which most weren’t worth watching when they were new, and way too many repeating news stations spatting their agenda while erasing common cable shows that border on the line of entertainment and making them a pay for play station, they might be able to hold down a small audience.

I remember when cable came in. It’s only claim to fame was it could show things that regular TV couldn’t. Lord how that’s changed. Only now cable has become TV using all the same local stations and both sides have run out of programming.

wy69


53 posted on 07/12/2023 10:01:08 AM PDT by whitney69
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To: CatOwner

YouTube TV, despite being owned by Google, seems to be a favorite here (no much for not feeding the beast).


yes disconcerting

things will have to get a lot worse

before people say

this aint right


54 posted on 07/12/2023 10:02:40 AM PDT by joshua c (to disrupt the system, we must disrupt our lives, cut the cable tv)
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To: bk1000
well we get the phone, land line, plus the cable internet....

so can I get rid of cable without disrupting the others?...

we have amazon prime already.....what other channels are worth subscribing too....any advice would be helpful.

55 posted on 07/12/2023 10:05:41 AM PDT by cherry
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To: Enlightened1
I get cable as part of my rent.

I get all the major franchise films (especially on weekends), e.g. Jason Bourne, Star Wars, Harry Potter, Hunger Games, Godfather I and II, Avengers, Twilight Saga, Divergent, plus a lot of classic crime films like Goodfellas, Casino, Chinatown, Blow, Hitman, plus all the news channels, plus all three business channels, ESPN, Golf Channel, network NFL and college football...

I have my TV on at low volume whenever I am at home - business channels and news on weekdays - movies, golf, and football on the weekends.

I think if I switched to streaming (pay per view, right?) my viewing costs would increase 2X or 3X times for LESS programming!

56 posted on 07/12/2023 10:07:28 AM PDT by zeestephen (Trump "Lost" By 43,000 Votes - Spread Across Three States - GA, WI, AZ)
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To: Enlightened1

3.8 million lost at 20,000 per day (July 12)


57 posted on 07/12/2023 10:08:53 AM PDT by PIF (They came for me and mine ... now its your turn)
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To: donozark

“I subscribe to Youtube TV as well. Beautiful pic.”

A comparatively low-res picture is the best I could find on YT TV.


58 posted on 07/12/2023 10:09:11 AM PDT by Magic Fingers (Political correctness mutates in order to remain virulent.)
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To: bk1000

Comcast is now charging us $200 a month for cable, phone, internet. We are going to drop the phone and cable but still, Comcast being the only service in our area still has us by the tail.


59 posted on 07/12/2023 10:15:27 AM PDT by dragonblustar (They have conquered Satan by the blood of the Lamb and by their testimony….. Revelation 12:11)
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To: bk1000

I talked to a Comcast worker and he said they can’t wait to get out of the cable business and just concentrate on internet. Soon internet will cost what cable does today. Don’t think for a minute Comcast and others are going to lose money in the long run.


60 posted on 07/12/2023 10:15:33 AM PDT by napscoordinator (DeSantis is a beast! Florida is the freest state in the country! )
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