More People Cut The Cord As Cable TV Companies Struggle
  • 6 years ago

The number of people who’ve said goodbye to their cable or satellite TV package — and their monthly bill — just hit another new record, and telecom companies are floundering as they try to cope with the new reality. More than half a million customers cut the cord in the fourth quarter alone. The 3.4 percent decline in the number of pay TV subscribers is the highest since 2010. The cable TV exodus is being reflected in stock prices as well.
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