Pay TV Industry Loses 385,000 Cord-Cutters In 2015; A ‘Slow Decline, Not A Tailspin’
Bad news for pay TV companies: Cord-cutting is definitely a thing, and the industry is definitely in decline. In 2015, the top 13 pay TV providers, including cable, satellite and telecommunications companies lost 385,000 subscribers, according to data from Leichtman Research Group (LRG). That’s a record high and a not-insignificant increase from 2014, which saw overall losses of 150,000.