Cord cutting is continuing to be big news this summer as once again there is bad news for traditional pay-TV.
Dish Network announced that during the second quarter of 2016 they lost 281,000 pay-TV subscribers compared to just 81,000 during the same time in 2015; however, some of this loss was made up by Dish Network’s online streaming service, Sling TV, that some estimate added as much as 100,000 new subscribers during the second quarter of 2016.
Still the loss of 281,000 subscribers does not seem to have scared Dish way from bidding on the recent auction of unused or unwanted broadcast airwaves. Dish is among 60 bidders hoping to buy up the spectrum. What exactly Dish plans to do with it is still unknown at this time.
The news is not all bad as Wells Fargo analyst Marci Ryvicker said in a note to clients Thursday: “Dish is focused on profitability at the expense of subs, especially given the aggressive competitive environment.”
We are still waiting for other pay-TV companies to announce their 2016 second quarter numbers, but it is expected that the ever-increasing cord cutting will continue as new services make it easier to ditch old fashioned pay-TV.
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