1 in 8 to Cut Cable and Satellite TV in 2010

#Future

Sat, May 8th, 2010 10:00 by capnasty NEWS

According to a new study released this week by Yankee Group, one in eight consumers will eliminate or scale back their cable, satellite or other pay-TV service this year. A cutting-the-cord trend has been the subject of speculation for some time, as networks have increasingly made television programming available for free on the Internet. The biggest reason why customers will cut the cord, according to the study, is the growing cost of pay-TV service. Cable and satellite viewers pay an average of $71 per month, and they receive an average annual price hike of 5%, according to research firm Centris.

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