Media companies love to bleed money from the retransmission cash cow.
But it appears that the cow is sick and dying.
Media and cable companies get into retrans pissing matches and then the higher cost is passed on to the consumer. Now, the consumer is saying enough is enough and it is happening very quickly.
More than 1 million people ditched their cable and satellite TV packages last quarter, the most ever in a quarterly earnings period, according to research firm MoffettNathanson.
FTVLive cut the cord years ago and have no plans to go back. We get a very skinny bundle over our internet connection and that is fine for us.
Here is the forecast for cord cutters in the coming years.
If you work or own a media company, this should scare the hell out of you.
Adapt or die.