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Pay TV loses 812,000 subscribers in second quarter

Posted By: Andrew Dodson August 29, 2016

Cord Cutting Stock

So, cord cutting is apparently still a thing. And it was a good second quarter for cable, satellite and telco operators.

According to the latest numbers released by SNL Kagan, those operators lost 812,000 video subscribers in the second quarter — pay TV’s biggest quarterly loss ever, according to FierceCable.com. (A Leitchman Research analysis said the 11 leading operators lost 655,000 subscribers. SNL accounts for smaller cable companies.)

Oddly enough, cable companies reduced their year-over-year losses by 13.6 percent, according to the report.

And interesting for cord cutters: Sling TV, the Dish Network-owned streaming service, now likely has 764,000 customers. SNL counts Sling as a pay TV provider in its report. If it didn’t, the subscriber loss would have actually been 853,000.

Andrew Dodson

Andrew Dodson is a journalist from Michigan who writes for MLive.com, the state's top online news source. Email him at andrewdodson@streamingobserver.com.
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