More Americans watching video on-line, but won't cut back pay TV subscriptions, study finds

SILVER SPRING, MD - Although there are no clear signs that the Web is on its way to replacing traditional TV, a substantial number of respondents in a recent survey conducted in the U.S. said that they are turning to the Web to watch video. Conducted in March by market research provider Pike and Fischer, the report ‘Web Video Usage: A Consumer Survey’ found that approximately 32% of respondents to the survey said they regularly watch video from Web sites such as Hulu, YouTube and iTunes.The survey also found that despite the slowing economy, nearly 70% of consumers said they...