Major Pay-TV Providers Lost 405,000 Video Subscribers in Q3, Leichtman Says

The largest pay-TV providers lost about 405,000 net video subscribers in Q3, up from the 205,000 lost in the year-ago period, Leichtman Research Group said Wednesday. LRG said the top six cable companies lost about 290,000, up from 90,000. Direct broadcast satellite operators lost about 475,000, compared with a gain of 5,000, their deepest losses in a quarter, it said. The largest telcos lost about 180,000, compared with a loss of 370,000. Over-the-top services Sling TV and DirecTV Now added about 535,000, up from 200,000 net adds, the researcher reported.