A Bright Spot for the TV Industry

31Oct11

Is the TV industry really falling victim to other forms of media consumption? Is there less of a future for television?

Cable subscriptions have dropped over the past few years leading the industry to believe that they were on unsteady waters, especially with the rise of companies like Netflix and Hulu. Some customers are cutting back on premium television channels while others are dropping the service completely. The decline, however, seems to be coming from the state of the economy since most of these customers are in the increasing lower-income bracket. With unemployment rates so high for several years in a row, who’s to blame them? The problem has also boiled down to a housing issue. With an unsteady housing market, fewer people are moving and therefore, fewer people are needing new subscriptions. For now, cable companies still seem to have the upper hand over other forms of TV distribution.

Cable Is Holding Web TV at Bay, Earnings Show

Kathryn

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