More US customers are 'abandoning' cable TV for Netflix and other streaming services..

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Posted by SB SB

MarketWatch — More customers are dropping cable TV as they turn toward streaming services like Netflix Inc.
NFLX, -0.71% a fundamental shift in consumer behavior that was on display this week in painful earnings reports from cable and telecommunications companies.
Charter Communications Inc. CHTR, -11.68% the third-largest U.S. pay-TV provider by subscribers, said Friday it lost 122,000 video customers in the first quarter, a far worse outcome than the roughly 40,000 subscriber losses Wall Street analysts expected.
In the year-earlier period, Charter lost 100,000 customers... → Full Article

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