Here's How Comcast, Fox, and a Few Others Will Survive the Cord-Cutting Nightmare
Cord-cutting is slowly killing the nation's cable-television business; of that there can be no doubt. Leichtman Research Group estimates that another 1.6 million U.S. customers cut the cord during the second quarter of the year, and eMarketer believes a total of 6.6 million households will cancel cable by the end of 2020. That will leave behind fewer than 75 million paying customers, down from more than 100 million as of 2014. Millions more will say "sayonara" through 2024, and beyond.
Before giving up on cable giants like Comcast (NASDAQ: CMCSA) and owners of cable-TV venues like Walt Disney (NYSE: DIS) and Fox Corporation (NASDAQ: FOX) (NASDAQ: FOXA), though, stop and take a closer look. Some of these players have a hand in the very alternatives that are upending cable, and these alternatives are showing more promise than initially anticipated.
Image source: Getty Images.
Source Fool.com
