FACTBOX-U.S. TV viewers continue cutting the cord in third quarter

Nov 3 (Reuters) - Five U.S. cable providers said they lost a total of 369,000 subscribers in the third quarter and a total of 1.2 million subscribers this year as customers opt for online streaming packages like Netflix Inc and Hulu. Charter Communications Inc's profit dropped nearly 75 percent as it reported losing 104,000 video subscribers during the quarter. Analysts on average had expected the company to lose 49,000 customers. Comcast Corp, the No. 1 cable provider in the United States, said it lost 125,000 video customers, attributing the losses to the recent hurricanes and more competition. The following lists the cable providers and the number of pay-TV subscriber losses in the third quarter. Dish Network Corp will report its results on Nov. 9. Company Ticker Change in cable subscribers Altice USA Inc ATUS.N -33,000 AT&T Inc T.N -89,000 Charter CHTR.O -104,000 Communications Inc Comcast Corp CMCSA.O -125,000 Verizon VZ.N -18,000 Communications Inc (Reporting by Sheila Dang; Editing by Lisa Shumaker)

11/03/2017 15:06

News, Photo and Web Search

Celeb Galleries

Star Search