Cutting losses
Over the last decade, television subscriber numbers in North America declined by 27 million or 23%. How much further will they fall? One forecast is that in the next five years they will drop another 11 million or 13% to 74 million, which is less than two-thirds of the number in 2010. That is still 74 million homes paying for traditional television. Since AT&T acquired DIRECTV in 2015 at a cost of $67 billion, it has seen a devastating destruction in value. Spinning out its television operations, however that is spun, may start to address this dismal decline.

William Cooper

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