People are Unplugging - TV Is Dying, and Here Are The Stats

People are Unplugging - TV Is Dying, and Here Are The Stats

Posted By: Jordon [Send E-Mail]
Date: Monday, 25-Nov-2013 04:53:49

. The TV business is having its worst year ever. Audience ratings have collapsed: Aside from a brief respite during the Olympics, there has been only negative ratings growth on broadcast and cable TV since September 2011, according to Citi Research. Media stock analysts Craig Moffett and Michael Nathanson recently noted, "The pay-TV industry has reported its worst 12-month stretch ever." All the major TV providers lost a collective 113,000 subscribers in Q3 2013. That doesn't sound like a huge deal — but it includes internet subscribers, too. Broadband internet was supposed to benefit from the end of cable TV, but it hasn't. In all, about 5 million people ended their cable and broadband subs between the beginning of 2010 and the end of this year. People are unplugging. Time Warner Cable, for instance, lost 306,000 TV subscribers in Q3, and 24,000 broadband web subscribers, too. And Tom Rutledge, CEO of Charter Communications, told Wall Street analysts he was "surprised" that 1.3 million of his 5.5 million customers don't want TV — just broadband internet. "Our broadband-only growth has been greater than I thought it would be," he said. The following charts show the evidence that cable TV is dying, and that people are also unplugging from broadband internet service. Cable TV ratings are sinking. Cable TV ratings are in an historic slump. Note that the "growth" line, as charted by Citi analysts Jason B. Bazinet and Joshua P. Carlson, is persistently below zero. Read more here... http://www.rumormillnews.com/cgi-bin/forum.cgi?read=292817