With a floundering economy In the first quarter of 2023, the U.S. pay-TV industry suffered its steepest subscriber losses yet, losing a total of 2.3 million customers across cable, satellite, and internet TV services due to the rising popularity of streaming video. According to senior analyst Craig Moffett, the penetration of pay-TV into U.S. households has declined to 58.5%, its lowest level since 1992, and the total number of U.S. pay-TV subscribers has fallen to 75.5 million, down nearly 7% year over year. The rate of decline was particularly notable for cable TV operators (-9.9% YoY) and satellite providers DirecTV and Dish Network (-13.4% YoY). Despite these losses, Google’s YouTube TV managed to gain an estimated 300,000 subscribers in Q1. The sharp rise in sports-broadcast fees is causing a vicious cycle of higher retail prices, prompting more cord-cutting, and forcing distributors to further raise prices. Even ESPN, a key player in the traditional ecosystem, is considering transitioning to direct-to-consumer or streaming platforms, recognizing the trend as inevitable. Summary of article from Variety. I cover this and more Audio only for a few episodes folks.
Subscribe to the Newsletter.
Join the Chat @ GeekNews.Chat
Email Todd or follow him on Facebook.
Like and Follow Geek News Central Facebook Page.
Geek Central Discord Channel
Download the Audio Show File
$0.01 GoDaddy coupon for a New domain name cjcfs3geek
$1.99 a month Economy Hosting with a free domain name. Promo Code: cjcgeek1h
$2.99 a month Managed WordPress Hosting with free Domain name. Promo Code: cjcgeek1w
Support the show by becoming a Geek News Central Insider
- 10:36–The 7 most common iPhone display issues
- 10:59–5 job search sites to find jobs
- 11:30–Pixel owners report overheating and battery drain
- 12:05–Ignore this bad financial advice
- Computer vision to be used to detect phishing attacks?
- 13:05–How to hardwire your home without ethernet
- 14:12–Saturn wins “Game of Moons”
- 14:39–An asteroid the size of Big Ben
- 08:41–Online age verification is coming
- 15:22–Congress called Huawei a national security risk
- US states’ social media laws
- 16:25–Exploding airbags inflators
- 18:03–Plane-crashing YouTuber pleads guilty
- 19:49–Sonos will stop playing local files
- 20:57–Ring founder is leaving Amazon
- 07:50–Facebook fixes friend request
- 21:29–Amazon is building an AI-powered “conversational experience.”
- 21:59–Meteorite hunters race to find a rock for $25,000
- 22:41–Judge sides with Ellison
- 23:22–NASA ends its Lunar Flashlight mission
- 23:48–EU and Canada on the waiting list
- 24:39–Dyson moans about the state of UK science and tech
- 25:24–Most states halt the use of the COVID-19 notification system
- 25:53–Hackers breach Philadelphia Inquirer
- 26:38–Telly will give you a free TV
- 06:44–Cord-cutting hits an all-time high
- 27:49–Whatsapp new privacy feature
- 28:26–The IRS has a free TurboTax alternative
- Elon Musk loses appeal