“The TV Business Is Having Its Worst Year Ever”

TV has never been so celebrated or so despised. People want the content but not the medium’s cumbersome anti-portability and passe economic model. Cable TV subscription prices will continue to rise and milk the dwindling customers until it all falls down. From Jim Edwards at Business Insider:

“The TV business is having its worst year ever.

Audience ratings have collapsed: Aside from a brief respite during the Olympics, there has been only negative ratings growth on broadcast and cable TV since September 2011, according to Citi Research.

Media stock analysts Craig Moffett and Michael Nathanson recently noted, ‘The pay-TV industry has reported its worst 12-month stretch ever.’ All the major TV providers lost a collective 113,000 subscribers in Q3 2013. That doesn’t sound like a huge deal — but it includes internet subscribers, too.

Broadband internet was supposed to benefit from the end of cable TV, but it hasn’t.

In all, about 5 million people ended their cable and broadband subs between the beginning of 2010 and the end of this year.”

Tags: