“Stop us if you’ve heard this one before,” self-aware equity analyst Craig Moffett told investors Tuesday in his firm’s quarterly Cord Cutting Monitor report. “The first quarter was the worst ever for pay TV subscriber losses.”
True, erosion to the U.S. subscription linear video ecosystem accelerated to an all-time high of 12.3% from January to March. But that isn’t the only reason the first quarter stood out as being particularly bad for this declining business.
