Big drop in U.S. multichannel video subs elevates specter of cord cutting: SNL Kagan

MONTEREY, CA - U.S. multichannel subscribers fell sharply in the second quarter, producing the largest loss to date amid growing fears of cord cutting, says a new SNL Kagan report.SNL Kagan’s 2nd-Quarter U.S. Multichannel Subscriber report estimates the U.S. cable, DBS and telco platforms collectively shed more than 600,000 video subscribers in the three months ended June 30, falling to 100.4 million combined residential and commercial subs at mid-year. The slide, which follows an uncharacteristically weak first quarter, points toward the likelihood of a much larger decline for full-year 2015 than the industry produced between 2010 and 2014, during what could essentially...