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Cable Companies Lose 500,000 Customers Last Quarter

Category: General News
Posted: 10:43AM

I can't say I'm particularly surprised by this bit of news but it does seem to reflect a growing trend. According to GigaOM, cable companies lost over 500,000 subscribers last quarter with Comcast losing the most at 275,000. Time Warner was next with 155,000 lost, then Charter Communications at 63,800, and Cablevision lost 24,500. The companies blame the loses on the poor economy and competition from sources like Hulu which are offering more and more content each day. You may think this strikes the death knell for cable in general but in order to recoup the money lost by those customers, cable companies just typically raise the bill for the existing ones. Comcast shared on its third quarter earnings call that customer revenue rose to $136 a month, a ten percent increase from last year. Charter's was at $126 a month, a nine percent increase, and while Cablevision's didn't rise that much, it is still at $149 a month. Perhaps more people can begin to ditch the cable companies and find alternative means for TV programming, especially seeing the high monthly rates an average customer has.

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El_Capitan on November 5, 2010 11:22AM
Comcast should realize their poor service is more of a reason why they're losing customers than because of the economy. I avoid Comcast like TigerDirect.
Locutus on November 5, 2010 01:57PM
I love my Dish Network.
nanoprobe on November 6, 2010 09:59AM
Me too. Especially since they now offer a free HD for life plan.

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