Tag: Cable TV
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Cable TV Companies Are Losing Over 20,000 Subscribers Every Day As Cord Cutting Grows
So far, 2023 was not very nice to cable TV companies. They lost a total of 1,820,943 subscribers in just the first 91 days of 2023. That works out to be over 20,000 subscribers every day. This comes from the Leichtman Research Group, which tracks the cable TV and streaming markets. If that trend continues,…
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Cable TV Expected to Spend Less on Original Content in 2023 As Cord Cutting Grows
A new report from Ampere Analysis predicts 2023 will see an investment slump this year, just a 2 percent year-on-year increase from last year. 2022 saw a global content spend growth of 6 percent, totaling $268 billion. One of the main driving factors of last year’s growth was due to subscription video-on-demand services, which collectively…
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Cable TV Packages Now Cost an Average of $217.42 Per Month & Costs More Than Water, Power, & Trash Combined
Cord cutting is sweeping the nation as more people find alternate sources of entertainment other than expensive cable contracts. Altogether, cable companies are hemorrhaging millions of customers every year as price plans for cable packages increase. Back in 2018, the Federal Communications Commission’s Report on Cable Industry Pricing showed an expanded basic cable plan cost…
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The Cost of Streaming Services May Go Up As TV Ad Revenue Are Tanking & Predicted to Continue To Fall Amidst Writers Strike
GroupM is the world’s leading media investment company and has released some discouraging reports for television ad revenue predictions. Amidst a struggling economy and an entertainment industry nearly halted until the writers’ strike comes to an end, the group forecasts 2023 isn’t shaping up to be a profitable year for TV ad revenue streams, especially…
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Cable TV Turns 75 Years Old This Month… How More Years Does it Have Left?
In June of 1948, John Walson set up an antenna on top of the New Boston Mountain in Mahanoy City, PA. There he ran a cable down to the town so it could get TV signals that had been blocked by the mountain in the past. From there, he connected homes in the town and…
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The Average Cable TV Bill Cost is Skyrocketing
Cord cutting is causing quite a stir as cable providers scramble to make up rapidly decreasing revenue as customers switch to streaming services. Part of this decline was spurred on by the 2020 pandemic, but consumers have steadily been replacing cable with streaming ever since. One reason for this mass exodus from cable is monthly…
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Cord Cutting 2.0 is Here As Cable TV Companies See Internet Growth Slow
Major cable TV companies are experiencing a slow growth of broadband internet subscribers. The Leichtman Research Group analyzed the top U.S. broadband service providers totaling 96 percent of the entire market and the numbers don’t look promising for cable. For the first quarter of 2023, only 65,000 subscribers signed up for all leading cable companies…
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The Average Cable TV Subscriber Now Pays $1,764 a Year Just For TV
Are you still thinking cable TV may be cheaper than cord cutting? A new look at the true cost of cable TV from Mntn Research puts a lie to those claims. According to the report, the average cable TV bill just for TV is now $147. The worst part of it is they report that…
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Another Cable TV Company is Shutting Down its TV Service As Only 10% of Its Customers Pay For TV
You can add one more name to a growing list of cable TV companies that will be shutting down their TV services. Mid-Rivers Communications has announced that they will be ending cable TV operations on December 31st, 2023. This comes as they say only 10% of their customers still pay for TV and that it…
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The Death of Cable TV is Coming Faster Than Expected As a Growing Number of Cable TV Companies Are Shutting Down Their TV Service
This week we learned about two cable TV companies shutting down their TV service. They join a growing list of companies that have said TV is just not profitable and not worth their time. Instead, they are outsourcing TV or just altogether not bothering with it and shutting down the service. CenturyLink, one of the…