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NEW YORK—Pay-TV, like so many other industries at this point in time, is taking a significant hit in part because of the coronavirus pandemic. In MoffettNathanson’s “Q1 2020 Cord-Cutting Monitor” report, the data shows that the first quarter of 2020 brought upon a record number of pay-TV subscription losses. Traditional pay-TV subscriptions fell by 1. 8 million in Q1, the worst quarterly results on record, according to MoffettNathanson. This also brought the annual rate of decline to -7. 6%, another record.
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