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News Link • Economy - Economics USA

Americans turn off cable TV as online grows

year, the biggest decline since it started tracking the segment in 1980. Comcast, the largest US cable operator, lost 275,000 video subscribers during the third quarter while Time Warner Cable, the second-largest, shed 155,000 video customers in the July-September period. The pay television sector -- which includes satellite television and TV services offered by telecom firms in addition to cable -- lost 119,000 customers in the quarter after gaining 346,000 a year ago, SNL Kagan said. Combined with a loss of 216,000 customers in the second quarter, the first ever decline in its history, the pay television segment has fallen 2.3 percent in the last six months to around 100 million subscriptions, it said. Cable television executives have pinned the blame for the unprecedented losses on high unemployment and the recession.

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