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Technology Stocks : Investing in Exponential Growth

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From: Paul H. Christiansen11/15/2018 10:09:31 AM
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Cable and Satellite TV Lost 1 Million Subscribers Because of Cord Cutting

Cord cutting continues to take a toll on cable and satellite television.

The industry lost 1.2 million video subscribers in the third quarter, for a total of 91 million subscribers, according to S&P Global Market Intelligence’s Kagan research group.

The declining popularity of paid TV services come amid the rise of newer paid Internet-streaming services like Hulu and Google’s YouTube, which include traditional broadcasting networks and sports channels. Many traditional paid TV subscribers are canceling their service and instead switching to online equivalents.

The direct broadcast satellite sector was hit particularly hard, losing 726,000 subscribers during the three months ending Sept. 30, the report said. Kagan described it as that sector’s “worst quarter on record.”

Read More - Fortune
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