3% of Pay-TV Subs Cut Cord
Here's a quick look at today's cable news.
Just 3 percent of U.S. pay-TV subscribers have cut the cord on cable or satellite, J.D. Power and Associates said. But its study found younger viewers are more likely to cancel subscriptions. About 6 percent of Generation Y (ages 17 to 34) customers are cord cutters, compared to 2 percent of Baby Boomers and 1 percent of customers ages 66 to 86. (See Survey: 7% of Pay-TV Subs Will Cut Cord.)
Shaw Communications Inc. lost 13,577 subscribers during the third quarter, but its profit jumped 28 percent to $203 million.
Those refrigerator-sized equipment pedestals that AT&T Inc. (NYSE: T) has placed in neighborhoods where it is rolling out U-verse TV have sparked a backlash from some customers in North Carolina.
The bankruptcy-court auction for TerreStar Corp. was canceled after the mobile satellite provider received a $1.375 billion bid from Dish Network LLC (Nasdaq: DISH). The court will review Dish's bid at a hearing next week. (See Dish Nears TerreStar Acquisition .)
Cox Communications Inc. will soon begin marketing wireless voice and data service in Topeka and Wichita, Kansas. (See Cox: We're Not Selling Our Spectrum.)
Comcast Corp. (Nasdaq: CMCSA, CMCSK) is converting its Jackson, Miss., system to all-digital on July 13.
Time Warner Cable Inc. (NYSE: TWC) subscribers in Northeast Ohio and Western Pennsylvania can now use their remote controls to order Home Box Office Inc. (HBO) , Showtime Networks Inc. and other premium networks.
Cablevision Systems Corp. (NYSE: CVC) is set to spin off AMC, IFC, WeTV and Sundance Channel parent Rainbow Media into the newly named AMC Networks on Friday.
Cablevision added Poland's TVN24 and TVN International to its iO International lineup.
comScore Inc. says 47.5 percent of iPhone data traffic in May occurred on Wi-Fi networks, while just 21.7 percent of traffic from Android phones came from Wi-Fi networks.
— Steve Donohue, Special to Light Reading Cable