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Big wire loses 500,000 subscribers in Q3, you slight to send flowering plants
Last entertain was a initial time ever that US compensate TV subscription rates were down. Now, according to GigaOM’s calculations, big cable suffered another set behind in Q3, waving goodbye to over 500,000 subscribers in total. Comcast was saddled with over half of the destruction as well as lost 275,000 customers, whilst Time Warner took a 155,000 subscriber strike. Charter Communications as well as Cablevision fared somewhat improved, but still added 63,800 as well as 24,500 respectively to a industry pit of despondency.
Naturally, a censure diversion for a poor numbers was aimed squarely at the weak saving and increasing foe from over-the-top video providers. Before you call a undertaker away from his wrestling day pursuit, though, recollect that cable’s normal backstop is to lift prices for remaining business — infamous cycle, anyone? In fact, Comcast common upon the Q3 gain call that normal patron revenue rose by 10 percent year over year to $136 the month. Charter’s likewise jumped by nine percent to $126, and while Cablevision’s didn’t increase by a same rate, monthly revenue per patron still amounted to a whopping $149 a month. So whether a reason is connective tissue slicing or simply hard times, it’s hard to get worked up over self-inflicted wounds.