Competition is a beautiful thing. This post from Yahoo tells (or at least suggests) that the reason people are canceling their cable TV is that more and more are now viewing programming via the web. A summary of the situation:
Cable companies have been losing TV subscribers at an ever faster rate in the last few months, and satellite TV isn't picking up the slack.
That could be a sign that Internet TV services such as Netflix and Hulu are finally starting to entice people to cancel cable, though company executives are pointing to the weak economy and housing market for now.
And they add this theory -- that people are "cutting the cable cord" similar to what has happened with phones:
A few weeks ago, the CEO of phone company Verizon Communications Inc. likened cord-cutting to what started happening to the local-phone companies five or six years ago, when people started giving up their landlines in favor of relying solely on their cell phones.
And here's the news from my "favorite" (long-time readers know I'm joking) cable company:
Comcast Corp. reported last week that its subscriber loss more than doubled in the third quarter, to 275,000. Comcast said many of those leaving had taken advantage of low introductory rates that the company offered last year when the analog TV broadcast network as shut down.
Ha! As I said, competition is a beautiful thing. Maybe now cable companies will realize that they need to cover the basics of good business practices -- reasonable prices, good customer service, and the like -- if they hope to stay in business. Personally, I don't think that will happen (old habits die hard) but I'd like it if it did.
I have an annual contract with Comcast that expires next August, so there's a lot of time until I'm up for renewal. Perhaps Comcast will lower prices/add services during that time that make me want to remain with them. Or perhaps online programming will grow (which I think it will) to the point where I can even get the soccer games I love so much via the web. Time will tell.
Have any of you recently cut out cable in favor of the web? I know many have gone to antennas, but what about online programming? And what are the pros and cons (cost, programs available, etc.) of doing so?