Print 35 comment(s) - last by The Raven.. on Nov 8 at 11:25 AM

We don't need no stinkin' cable  (Source: Hulu)
Thousands of the lost customers did not move to alternate pay services like satellite

When the economy started go sour, millions of Americans and other people around the world started to look for ways to save money. Many companies providing home phone services noted that customers were leaving in favor of mobile phones only. The same thing has been happening with cable providers as well.

Cable companies have traditionally increased the cost of their TV services each year, often with no improvement in the offerings. As people start looking to save money, many are leaving cable providers. 
Gigaom reports that it has cobbled together the number of cable subscribers lost for four of the top five cable companies around the country for Q3 2010 and the number of folks leaving cable is growing.

According to the calculations 
Gigaom put together, about 500,000 cable subscribers walked away from cable firms in Q3. That number counts what major companies reported in their earnings reports. Comcast lost 275,000 basic cable subscribers alone. Time Warner lost 155,000, Charter Communications lost 63,800 subscribers, and Cablevision lost 24,500 subscribers.

The 500,000 number is in reality much less than the actual losses by cable companies overall when small regional carrier losses are figured in along with Cox Communications' losses. Cox is a private company and doesn’t report its subscriber losses, yet is the third largest provider in the country. Over the long haul, most customers that leave traditional cable TV providers have ended up as customers with satellite or IPTV firms with these firms reporting subscriber gains that offset the majority of losses in the cable industry.

Gigaom reports that over the last few quarters the number of subscribers lost from cable and gained at satellite and IPTV firms is not matching up. Many people are just walking away from paying for TV. This is getting easier to do with most major networks offering their programs online free and services like Hulu offering old shows for fans to watch.

Once Hulu Plus hits with more content and movies, many will opt to pay the expected $5 monthly for that rather than a cable bill averaging over $100 monthly.

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Cable still wins anyways
By Shig on 11/5/2010 10:13:13 AM , Rating: 4
They obviously know any smart person only wants internet. Through the internet you get relatively free phone and video services (Skype, Oomba, hulu, netflix, smartphone style apps, list goes on). If I want internet only it will cost as much as an entire 3 way package of voice, internet, and TV.

RE: Cable still wins anyways
By Shig on 11/5/2010 10:15:28 AM , Rating: 2
Ultimately as people realize they only need a smart phone with a data package, the cable companies will start doing massive mergers with the major telecoms.

Yeah, I'm pretty frightened of that.

RE: Cable still wins anyways
By Jedi2155 on 11/5/2010 6:37:34 PM , Rating: 5
Smart phones still cannot come close to matching the capabilities of a hard wired internet service...only really useful for web browsing.

RE: Cable still wins anyways
By sleepeeg3 on 11/5/2010 11:20:09 PM , Rating: 4
...or making phone calls...

RE: Cable still wins anyways
By Lazarus Dark on 11/6/2010 9:17:48 PM , Rating: 1
Actually... I find my android on verizon is the worst phone quality I've ever had.

but I only use 20 minutes of talk a month anyway (with no landline either), I mostly only use it for data/text/mms.

RE: Cable still wins anyways
By PAPutzback on 11/5/2010 10:24:27 AM , Rating: 2
The minimum 3 way package for me via Comcast is 99 a month. I have dropped to 10Mbit service and the most basic calbe package and now pay 65.

OR is your list of services included with your basic internet cost for the comparison to the 3 way.

RE: Cable still wins anyways
By vapore0n on 11/5/2010 1:39:04 PM , Rating: 2
You should have a talk with Comcast then.

My Comcast bill is $57 (with taxes) and this includes 20/4Mbps line and basic cable.

RE: Cable still wins anyways
By SSDMaster on 11/8/2010 8:01:42 AM , Rating: 2
I signed up for cable last week. $20/month for 6 months. Then $44 a month afterward.

It's the 12mb connection but I get 24.16 down and 4mb/s up. The reason I added the decimals is because its always the exact same download speed with my Motorola 6120 modem :)

And of course its Comcast.

RE: Cable still wins anyways
By Flunk on 11/5/2010 10:31:43 AM , Rating: 2
I just did that exact same thing. I was paying 59.99 for 12mb down/1mb up with 95GB a month. Now I'm paying 54.95 for service with the exact same speed and unlimited bandwidth. Guess who my old ISP was... the cable company of course.

RE: Cable still wins anyways
By marvdmartian on 11/5/2010 11:01:06 AM , Rating: 1
When I bought my house, back at the end of March, I called the cable company to have my cable internet switched over to the new address. Imagine my surprise when I found out that (due to all services coming in underground on my street) they don't offer service there!

So THAT'S why everyone on the street has dish antennas on their roof! ;)

I opted to go without any tv service whatsoever, for now, until I get all the remodeling I want to do out of the way. I'm happily hooked up with AT&T elite level DSL, which gives me about the same speed as my old TWC cable modem service gave me. Maybe some day I'll hook up with dish network, but it's going to be a ways down the road.

RE: Cable still wins anyways
By PAPutzback on 11/5/2010 11:06:14 AM , Rating: 2
I might take a look at AT&T uverse in the future if they open up the XBOX 360s to be extenders for their service. Otherwise when I priced it out it got crazy expensive once you started adding addition set top boxes.

I run 6 ATSC tuners now in my media center and 3 360s and I have too much to watch as it is. The only pay service I have is the lowest tier at Netflix. 11 bucks I think.

RE: Cable still wins anyways
By Shig on 11/5/2010 11:26:24 AM , Rating: 2
I have a bad habit of exagerating =D, right now I live with roommates and we all split the bill. I keep trying to convince them that we can take the package down without losing much, but they like the most expensive one. (220$ a month) I guess I'd pay as much if I was living on my own, no way I'm affording that in Chicago though :( But we do have a 50mbit connection :)

Hard headed people amirite.

RE: Cable still wins anyways
By Reclaimer77 on 11/5/2010 1:09:40 PM , Rating: 1
What cable company do you have? I have a shitty basic cable service, analog not even digital, and it's 60 bucks a month! Turning that off would NOT increase my other services that much.

The only reason I haven't fired their ass yet is because I love the NFL and there is no, legal, way to stream the games over my internet connection.

"Paying an extra $500 for a computer in this environment -- same piece of hardware -- paying $500 more to get a logo on it? I think that's a more challenging proposition for the average person than it used to be." -- Steve Ballmer

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