A look at the numbers shows that subscribing to pay-TV services is on the ebb. According to Reuters, more than 400,000 TV watchers have "cut the cord" since January.
First, DirecTV, which is the top satellite TV provider in the U.S., announced today that it lost 52,000 customers in the second quarter. Then the No. 2 cable provider in the U.S., Time Warner, also announced a second quarter loss today with 169,000 people leaving the service.
"Basic video subscriber losses aren't getting better," Bernstein Research analyst Craig Moffett told Reuters … Read more