Cable Networks See Decrease In Subscribers

NEW YORK -

All across the United States television subscribers have been canceling their subscriptions to their cable service. In fact, in the past several months the rate has increased dramatically, but many of these subscribers are not signing up with any of the cable network's competitors such as satellite television either.

It seems as if many Americans are selecting to go without any type of paid television and instead have selected to stick with Internet television services such as Hulu or Netflix, which have began to entice people to cancel their cable and satellite subscriptions.

However, many company executives feel that it strictly due to the weakness in our economy and the bitter housing market that are to blame for the decrease in subscribers and the increase in cancellations.

This week alone the third quarter results were reported and showed major losses for both satellite television companies as well as cable television companies, but these reports could not pinpoint a definite answer to what was causing the losses.

Consumers who are using the Internet as a source of getting their movies as well as their television shows are not only bypassing the cable television companies, but also the cable networks that are producing the content. As a result, this move could disrupt an entire effect on not only the television industry, but the movie industry as well.

Between the months of July to September, Time Warner Cable reported a loss of one hundred fifty-five thousand subscribers compared to sixty-four thousand subscribers that they lost during the same period the previous year.