Cable Subscribers Flee, But Is Internet to Blame?

November 6, 2010  |  

(AP) — TV subscribers are ditching their cable companies at an ever faster rate in the past few months, and many of them aren’t signing up with a satellite or phone competitor instead.  Their willingness to simply go without pay television could be a sign that Internet TV services such as Netflix and Hulu are finally starting to entice people to cancel cable, though company executives say the weak economy and housing market are to blame.  Third-quarter results reported this week by major cable and satellite TV companies show major losses, but don’t settle the question of what’s causing them.

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