The largest swindle big business ever played on the American people — forcing us to pay huge cable bills for dozens of channels we never watch — is slowly coming apart. Even with an ever-increasing population, the pay TV industry (cable and satellite) lost a net 566,000 subscribers last quarter. When you add in Q1, that’s a total of 887,000 lost customers in just six short months.
There is just no question that customers are getting tech savvy and budget savvy. The result is a growing wave of cord-cutters (last quarter was the second biggest drop in pay TV customers in history) as people discover the beauty of streaming on budget-conscious services like Netflix and Amazon, that charge around $10 a month.
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