Young people are not buying televisions, getting cable and well, other things. The priorities have changed and to use cable subscriber counts as a metric to the economy would be off the mark.
There are good studies about this change but cable companies tend to miss this change. Look at their management and you find folk that may be out of touch with their prospective clients.
Bob
Yep, the last luxury or not needed item people ever give up is their cable TV service. When you see cable TV subscriptions start dropping this fast, you can be sure that no matter what the official govt figures are showing, the economy is tanking anyway.
"Well, there goes the economy!"
" The cable TV business just had
its worst year ever, according to Wall Street media analysts Craig
Moffett and Michael Nathanson. Providers of TV, broadband and phone communications lost 687,000 subscribers
during Q3, they wrote in a recent note to investors. They gained
574,000 new ones, for a net loss of 113,000, according to the LA Times:
"The pay-TV industry has reported its worst 12-month stretch ever," Moffett and Nathanson wrote.
The TV and broadband business is stuck in a suicidal business model,
the pair suggests. Although the cable and broadband business is losing
customers, its total revenues are rising. The remaining customers are
paying higher prices for ever-more costly bundles of premium TV channels
and high-speed internet access.
The cord-cutters are the ones who can no longer afford it all."

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