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Cord-Cutting Hit Record Levels in First Quarter
Traditional pay TV subscriptions fell by a record-setting 1. 8 million in the first quarter, according to an analysis by Craig Moffett of MoffettNathanson Research. GoodLifeStudio/Getty ImagesThe 7. 6% decline includes a 14. 3% plunge for satellite, compared to a 4% drop for cable. With sports off the air, and with the pain of the tsunami of unemployment just beginning to hit as the quarter ended, all these numbers will get worse in Q2,” Moffett said.
