Unprecedented Cord-Cutting Surge in Q1 2023 Sends US Pay-TV Subscriptions Plunging to 1992 Lows #1669

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.

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Show Notes:

• 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

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