The news: Cable giant Charter lost 51,000 pay TV subscribers in Q1 as it faces heightened competition from digital video platforms and a rise in cord-cutting. Its current 12.5 million pay TV customers are down 1.3% YoY from 12.7 million.
The trend: Charter’s results reflect a modern reality: Consumers are increasingly choosing digital platforms like YouTube and streaming services like Netflix in favor of the traditional cable TV model. Our forecasts reaffirm this trend:
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