Multichannel subscriptions dropped by 812,000 customers to 98.4 million in the second-quarter according to new figures from SNL Kagan.
The total is 95.7 million households, excluding overlap from those taking more than one service.
Pay TV subs are being closely watched amid concerns about slower growth in distribution revenue for cable programmers.
Kagan said that cable operators lost 298,000, 13.6% fewer than last year, marking the fifth consecutive year of smaller losses for the second quarter, usually a tough one because of school letting out and households moving. Total cable households were 5.29 million.
Satellite operators lose 26,000 subscribers for a total of 33.3 million. Losses at Dish offset net adds at DirecTV.
Telecom lasses accelerated after AT&T’s acquisition of DirecTV. Telcos finished with 12.2 million subscribers, down 488,000.
Kagan says that if it factors in an estimated 764,000 customers for Dish’s Sling TV—which it says is arguably a multichannel service, the decline in subs is just 853,000.
For the year, total multichannel subs are down 1.36 million, with cable dropping 438,000, telcos down 987,000 and satellite up 66,000.
Jon has been business editor of Broadcasting+Cable since 2010. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Just about any story is fair game, if a dollar sign can make its way into the article. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago.
The smarter way to stay on top of broadcasting and cable industry. Sign up below.
Thank you for signing up to Broadcasting & Cable. You will receive a verification email shortly.
There was a problem. Please refresh the page and try again.