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Cable Loses Subscribers in Q1

Light Reading
LR Cable News Analysis
Light Reading
6/27/2011

Here's a quick look at today's cable news.

  • Cable operators saw their subscriber counts drop 3.8 percent to 23.2 million in the top 15 markets during the first quarter, according to SNL Kagan . (See Cord Cutting & Consumer Clouds.)

  • Hulu LLC owners Walt Disney Co. (NYSE: DIS), NBCUniversal LLC and News Corp. (NYSE: NWS) may sell the Web video site, after an overture from Yahoo Inc. (Nasdaq: YHOO).

  • Home Box Office Inc. (HBO) expects to record its 3 millionth download of its HBO Go app on Apple Inc. (Nasdaq: AAPL)'s iPhone, iPad and Google (Nasdaq: GOOG) Android mobile devices over the weekend. (See HBO to Premiere New Series on Web.)

  • Charter Communications Inc. will pick up 16,000 subscribers in Missouri with an agreement to buy systems from Texas-based US Cable.

  • Comcast Corp. (Nasdaq: CMCSA, CMCSK) and Turner Broadcasting are competing for an early season eight-game rights package that the NFL is shopping to TV networks.

  • Teens aged 12 to 17 watch 23 hours and 41 minutes of TV per week, compared to the 34 hours and 39 minutes of TV watched by the average American, according to The Nielsen Co.

    — Steve Donohue, Special to Light Reading Cable

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