These 2 Charts Should Terrify Cable TV Companies
It's official. Four of the five biggest names in the United States' cable television business started 2020 out as badly as they finished 2019. The fifth one is apt to report the same with its quarterly numbers due later this month. In simplest terms, they're losing paying customers.
That's nothing new, of course. The cord-cutting movement has been well underway since 2015, when streaming became a viable alternative and cable become relatively unaffordable for many American households. But cable cancellations seem to be accelerating in an environment where the vast majority of prospective cord-cutting is still ahead rather than behind. Two charts say all that needs to be said.
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Source Fool.com
