AT&T’s Pay-TV Business: The Cord-Cutting Effect
AT&T’s (T) share of the US pay-TV market is slowly shrinking due to cord-cutting. In the second quarter, it lost 286,000 satellite TV subscribers and added 24,000 U-verse TV subscribers, making its net linear video subscriber losses 262,000. Charter Communications (CHTR) and Comcast (CMCSA) lost 73,000 and 136,000 residential video customers, respectively.