Pay TV operators lose 113,000 customers as cord cutting continues,0,878536.story#axzz2kSYnOjff

The major pay TV operators have lost a total of 113,000 customers during their last quarter, according to new numbers from independent research firm MoffettNathanson, by the way of the Los Angeles Times. Time Warner Cable took the biggest hit, losing more than 300,000 subscribers thanks to its retransmission fight with CBS. Most of those were absorbed by DISH, DirecTV and At&T, but some decided to cut the cord entirely. It’s worth noting that Craig Moffet long questioned whether cord cutting even existed. This week, his research note said that “the pay-TV industry has reported its worst 12-month stretch ever.”