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Thanks to Bad Economy and Cord Cutters, Cable and Satellite TV Providers are now Losing Customers Faster Than Ever

For cable and satellite TV providers, the second quarter of 2011 was the single worst quarter in history. They lost more subscribers than ever before and competitive pressure also meant that they had to offer more and more freebies to win subscribers. Overall, Reuters reports, the U.S. pay-TV sector lost 380,000 subscribers last quarter. In the same quarter a year ago, the TV providers lost 160,000. Things are even worse for satellite TV providers, as both Dish and DirecTV reported their “first-ever quarter of combined losses of 109,000 subscribers.”