Pay-TV Subscriptions Fall for First Time as Streaming Gains

Wednesday, 19 Mar 2014 12:54 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

The number of Americans who pay for television through cable, satellite or fiber services fell by more than a quarter of a million in 2013, the first full-year decline in TV customers, research firm SNL Kagan said.

The tally of video subscribers across the entire pay-TV industry, which includes Comcast Corp., DirecTV and Verizon Communications Inc., dropped by 251,000 last year to about 100 million in the U.S., the firm said in a statement today.

Fewer people are buying traditional television subscriptions as online-streaming services from companies like Netflix Inc. and Amazon.com Inc. offer cheaper alternatives. Though satellite and telecommunications providers continued to gain users, they didn’t add enough to make up for the losses of cable companies.

Special: Seniors Fail to Collect $25 Billion in Social Security

“While seasonally driven quarterly declines have become routine for industry watchers, the annual dip illustrates longer-term downward pressure even as economic conditions gradually improve,” SNL Kagan said.

Cable lost almost 2 million video subscribers last year, while satellite services added 170,000 customers and phone- company offerings using fiber optics, such as Verizon’s FiOS and AT&T Inc.’s U-verse, netted 1.6 million.


© Copyright 2014 Bloomberg News. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Sen. Mark Udall: 'I Absolutely Stand By' Call for CIA's Brennan to Resign

Monday, 01 Sep 2014 21:58 PM

Central Intelligence Agency Director John Brennan may have avoided losing his job over charges that the CIA spied on Sen . . .

US Forces Carry Out Operation Against Al-Shabaab in Somalia

Monday, 01 Sep 2014 20:44 PM

U.S. military forces carried out an operation on Monday against al Shabaab militants in Somalia, a U.S. Department of De . . .

'Time' Mourns Dwindling Numbers of 'Social Justice' Nuns

Monday, 01 Sep 2014 20:39 PM

A Time magazine article bemoans the stark decline in the number of "social activist" women religious in the U.S. today,  . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved