The state of cable TV -- more people are cutting the cord
BetaNews recently looked at a survey showing that younger people are watching more video through the internet than ever before. In fact, those aged 14-24 are using the web for the majority of their entertainment consumption.
Now an infographic takes a look at the big picture, pulling from reports from various sources. What was found was that 2013 was the worst year yet for the cable TV business, marking a steady decline that began back in 2011. In fact, between 2010 and 2013 five million customers got rid of pay TV service, while Charter reports that one in four of its customers are internet-only.
TV customers now only barely outnumber the active users of Facebook and Google, and that's after the television got a 50 year head start. Perhaps this is because cable costs have risen some 77 percent since 1996, now averaging $60 per month, while services like Netflix and Hulu can be had for a mere $7.99 per month each.
You can view the graphic below, which attempts to put all this news into some perspective, along with taking a look at the alternatives to cable and satellite.