Tag: Spectrum
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Cord Cutting is Squeezing Spectrum’s Cable TV Business, and Even Wall Street is Noticing
The cracks are starting to show with Spectrum and its parent, Charter Communications, and Wall Street is starting to sound the alarm. On Monday, Wells Fargo and JP Morgan analysts both downgraded the investment rating of Charter’s stock, according to Investing.com. Both financial institutions cited the company’s financial and customer-based losses, slow growth, high costs,…
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Comcast & Spectrum Lost More Than 3 Million Cable TV Customers in 2023
We are finally getting a more accurate idea of just how hard cord cutting hit cable TV in 2023. Multiple cable TV companies announced that they would shutdown TV service. And, we are still waiting on many cable TV companies to report numbers, but the two largest cable TV companies lost over 3 million customers.…
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The Recap: Nickelodeon’s App Shuts Down, Spectrum Takes a Hit, and More
YouTube TV offered some improvements for users, while earnings season rolled along with a myriad of tech companies reporting their results. Also reporting earnings was Spectrum, which felt the bite of 5G home internet service. The Federal Communications Commission, meanwhile, warned that it may need to stop taking new applications for the Affordable Connectivity Program…
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Comcast Is No Longer the Largest Cable TV Company in the United States
For years Comcast has been the largest cable TV company in the United States. Now Spectrum is king: the new largest cable TV company in the country. Spectrum’s jump to the number one spot was achieved by not losing as many customers as Comcast. Spectrum lost more than 1,018,000 million TV customers in 2023. That…
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Charter CEO Says the 5G Home Internet Threat to Spectrum is ‘Temporary’ as He Throws Shade at Rivals
Spectrum lost 61,000 internet customers in the fourth quarter, even as the wireless carriers boast huge growth in 5G home internet service. But Christopher Winfrey, CEO of Spectrum parent Charter Communications, doesn’t seem too fazed. “We continue to believe the impact from fixed wireless is temporary,” Winfrey told analysts during a Friday call to discuss…
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Spectrum Lost Over 257,000 TV Customers & 61,000 Internet Customers in The 4th Quarter of 2023 as Cord Cutting Continues to Grow
Today we learned that Charter Communications, the parent company of Spectrum, has once again lost 320,000 TV customers in the 4th quarter of 2023. This is on top of the 320,000 TV customers it lost in the 3rd quarter of 2023. Spectrum also reported that they lost over 251,000 voice customers as many Americans turned…
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Spectrum Cable TV Customers Are Losing Some Local TV Stations in Some Areas To Cut Costs But Not What You Pay
Spectrum is once again cutting costs on its cable TV service by removing channels. Last year, Spectrum removed multiple cable networks owned by Disney, including FXX and Disney XD. Now Spectrum is cutting some locals in some areas to cut costs. According to reports, Spectrum customers in the Rochester area of New York will lose…
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Spectrum Wants To Scoop Up Another Small Cable TV Company
Last week, Spectrum took the next step towards buying another a small cable TV company. After reaching a purchase agreement with Astrea in November, Spectrum and its parent, Charter Communications, is now seeking federal approval to transfer certain assets and authorizations held by the smaller company. Through the transaction, Spectrum said it would acquire Astrea’s…
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Spectrum Warns ACP Customers Program That Their Internet Bills May Go Up Soon
Spectrum is preparing its customers for the potential end of the Affordable Connectivity Program, ACP. According to one of our readers, Spectrum looks like it’s sending this email to customers who participate in the aid program: “Despite our best efforts, the federal government anticipates funding for the Affordable Connectivity Program (ACP) may only remain through…
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T-Mobile, Verizon, and AT&T Adds Nearly 840,000 5G Home Internet Customers as Cord Cutting 2.0 Surges
The three largest telecom companies in the nation, T-Mobile, Verizon, and AT&T, combined to add nearly 840,000 5G home internet subscribers in the fourth quarter, establishing the legitimacy of Cord Cutting 2.0 and posing a real threat to cable providers like Comcast and Spectrum. T-Mobile was the clear winner of the trio, which all reported…