Satellite, Cable TV Customers Flee in Record Numbers
Combined figure hits 580K in second quarter
By John Johnson, Newser Staff
Posted Aug 10, 2011 4:43 PM CDT
Three Dish Network satellite dishes at an apartment complex in Palo Alto, Calif.   (AP Photo/Paul Sakuma)

(Newser) – Sign of the times: The six biggest satellite and cable TV companies lost a combined 580,000 customers in the second quarter, which Bloomberg calls a record high. Take your pick of reasons: rising prices, increased online competition from the likes of Netflix, a lousy economy, the slump in home sales, etc. It all adds up to a "toxic mix" for pay TV companies, says one analyst.

Only DirecTV managed to add customers in the quarter, while Dish, Time Warner, Comcast, Cablevision, and Charter Communications saw losses. “The cable companies have been losing for years, but what you’re seeing is the satellite guys joining some of that,” says another analyst. "How do you support your base of customers when you don’t have a bunch of new households to convert?"

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Showing 3 of 32 comments
SeaMonkey
Aug 11, 2011 10:34 AM CDT
Cable and TV providers suffer from the same disease that afflicts unions in the US: when technology and automation make a process more efficient, create redundant processes to fill the void and call it value added...then keep raising prices to keep up with inflation and call it progress. You can't stop progress, Muriel.
jgarbuz
Aug 11, 2011 10:27 AM CDT
Unless you are rich, or a big sports lover, you have to be brain dead to still be paying for cable. But thankfully for the cable providers, there are still a lot of brain-dead people out there still willing to pay to watch 140 channels of mostly junk and advertising. The fact is, there is so much old content available now on the internet, that can be channeled to your TV set as well, that is plain stupid to be throwing away money on cable.
truesoy
Aug 11, 2011 9:56 AM CDT
The problem with 'cable/dish, is the price, too high! And besides the lousy programmings greatly outnumber the good ones. And now they have competition, the internet!.