3% of Pay-TV Subs Cut Cord

Elsewhere: AT&T sees backlash from bulky U-verse gear, Shaw loses subs, TerreStar auction canceled, Cox rolls out wireless in Mississippi

June 29, 2011

2 Min Read
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

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