Charter loses 51,000 pay TV subscribers in first quarter
Charter lost 51,000 pay TV subscribers during the first quarter, according to its latest financial report. The article notes this decline occurred despite new packaging and pricing strategies aimed at retaining residential video customers. The loss is attributed to competition from streaming services, with YouTube specifically mentioned as a competitor.
Key Takeaways
- Charter lost 51,000 pay TV subscribers in Q1.
- The loss came despite new packaging and pricing efforts for residential video customers.
- The article cites competition from streaming services, including YouTube, as a factor.
- The decline was disclosed in Charter's latest financial report.
Why It Matters
Charter's Q1 decline shows that packaging and pricing changes have not stopped pay TV attrition, at least in this quarter. The pressure is coming from streaming services, with YouTube named in the article as a competitor, which underscores how traditional video still has to defend against internet-delivered viewing options. For StreamingMeme readers, the next data point to watch is whether Charter reports any slowdown in pay TV subscriber losses after these packaging and pricing changes, or whether the Q1 figure repeats in the next quarter.
Read full article at msn.com
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