Today: 22.06.2018
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More than 22 million Americans to join cord cutting revolution.

Winter is here for cable and satellite TV operators. American consumers are canceling traditional pay-TV service at a much faster rate than previously expected, according to research firm eMarketer. In 2017, 22.2 million U.S. adults will cut the cord on cable, satellite or telco TV service — up 33 percent over 2016 — the researcher...
Time: 17:26     Date: 13.09.2017
Last US Business News: More than 22 million Americans to join cord cutting revolution. NY Post 24 - US News

American consumers are canceling traditional pay-TV service at a much faster rate than previously expected, according to research firm eMarketer.

In 2017, 22.2 million U.S. adults will cut the cord on cable, satellite or telco TV service — up 33 percent over 2016 — the researcher now predicts. That’s significantly higher than eMarketer’s prior estimate of 15.4 million cord-cutters for this year. Meanwhile, the number of “cord-nevers” (consumers who have never subscribed to pay TV) will rise 5.8 percent this year, to 34.4 million.

Overall, 196.3 million U.S. adults will have traditional pay TV (cable, satellite or telco) this year, down 2.4 percent compared with 2016, eMarketer predicts. By 2021, that will drop to 181.7 million, a decline of nearly 10 percent from 2016. The number of pay-TV viewers 55 and older will continue to rise over the next four years, while for every other age cohort the subscriber tallies will decline.

By 2021, the number of cord-cutters will nearly equal the number of people who have never had pay TV — a total of 81 million U.S. adults. That means around 30 percent of American adults won’t have traditional pay TV at that point, per eMarketer’s revised forecast.

There’s a caveat on these numbers: eMarketer’s estimates for pay-TV viewers do not include “virtual” internet TV services, such as Dish Network’s Sling TV, AT&T’s DirecTV Now, Hulu’s live TV service, or YouTube TV. But industry analysts say over-the-top TV subscription services so far have not offset declines in traditional pay television. Moreover, the cheaper OTT packages typically include fewer channels, so the growth of “skinny” TV bundles implies net household losses for many cable networks.

For the TV biz, there’s another worrisome trend: People are watching less traditional television. For the first time, in 2017 average TV viewing in the U.S. is expected to drop below 4 hours per day, eMarketer predicts.

Average time spent watching TV (excluding digital) among American adults will drop 3.1 percent, to 3 hours 58 minutes this year. Digital-video consumption, meanwhile, continues to climb. U.S. adults will consume 1 hour 17 minutes of digital video per day on average in 2017 (excluding time spent viewing video on social networks), up 9.3 percent year over year, according to eMarketer.

With the U.S. pay-TV base eroding faster than anticipated and average TV viewing time dropping, eMarketer cut its TV ad-spending forecast for 2017 by a little over $1 billion.

This year, TV advertising will increase just 0.5 percent, to $71.65 billion (versus the firm’s previous $72.72 billion forecast). As a result, the TV sector’s share of total U.S. media ad spending will drop to 34.9 percent (vs. 36.6% in 2016) and is expected to fall below 30 percent by 2021.

Business

Last US Business News: CNN staffer who resigned over retracted Russia story named interim head of CBSNews.com. NY Post 24 - US News
CNN staffer who resigned over retracted Russia story named interim head of CBSNews.com.
One of the three CNN staffers who resigned in June 2017 over a retracted story about alleged collusion between Russia and...
Last US Business News: Netflix PR chief exits over insensitive remarks. NY Post 24 - US News
Netflix PR chief exits over insensitive remarks.
Netflix Chief Communications Officer Jonathan Friedland is leaving the company following a controversy over insensitive remarks....
Last US Business News: This is the most American-made car. NY Post 24 - US News
This is the most American-made car.
Years of auto shareholders change — with parts manufacturing and vehicle assembly scattered around the world — leave...
Last US Business News: Sale price for Weinstein Co. cut by $23 million. NY Post 24 - US News
Sale price for Weinstein Co. cut by $23 million.
The Weinstein Company has agreed to reduce its sale price to Lantern Capital by $23 million, as doubts have been raised about...

Opinion

Last US News - Opinion: Cynthia Nixon fudges numbers like a true politician. NY Post 24 - US News
Cynthia Nixon fudges numbers like a true politician.
Cynthia Nixon is proving she has what it takes to be a real New York pol — and can fudge numbers with the best of ’em....
Last US News - Opinion: Latest cop-killer’s parole is a slap in the face to all New Yorkers. NY Post 24 - US News
Latest cop-killer’s parole is a slap in the face to all New Yorkers.
Will Gov. Cuomo’s appointees to the state parole board spring every last cop killer from prison? The board, 10 of whose...
Last US News - Opinion: Inside the state’s system for inflating Regents scores. NY Post 24 - US News
Inside the state’s system for inflating Regents scores.
Mayor de Blasio’s educrats aren’t alone in trying to mask school failure: Turns out the state actually has a formal system...
Last US News - Opinion: How we can reunite migrant kids with parents. NY Post 24 - US News
How we can reunite migrant kids with parents.
They’ve been arriving in New York City in the dead of night. Quietly placed in temporary foster care, hundreds so far,...
Last US News - Opinion: Time for Dems to give Trump his wall and other commentary. NY Post 24 - US News
Time for Dems to give Trump his wall and other commentary.
Liberal take: End the Border Crisis and Give Trump His Wall Despite President Trump’s backdown on separating migrant children...

Living

US Living News: How to go fly fishing in NYC. NY Post 24 - US News
How to go fly fishing in NYC.
When Natasha Eng, 33, boards the subway after work, fishing rod in tow, she knows what you’re probably thinking: “I basically...
US Living News: Where Gayle takes Oprah to eat in NYC. NY Post 24 - US News
Where Gayle takes Oprah to eat in NYC.
Gayle King was born in Tennessee, but thanks to her father’s job, spent first grade to sixth grade in Ankara, Turkey. From...
US Living News: Next fast food trend is probably coming from Latin America. NY Post 24 - US News
Next fast food trend is probably coming from Latin America.
The next big food franchise will come out of Latin America, experts have claimed, with a number of chains eyeing up global...
US Living News: Airline workers busted for turtle-smuggling operation. NY Post 24 - US News
Airline workers busted for turtle-smuggling operation.
Two China Eastern Airlines staffers could face jail time after unsuccessfully attempting to smuggle 45 spotted and box turtles...
US Living News: Bill Gates wants mosquitoes to screw each other to death. NY Post 24 - US News
Bill Gates wants mosquitoes to screw each other to death.
Microsoft founder Bill Gates is pouring $4 million into a project to create killer mosquitoes that destroy each other through...
US Living News: Mysterious ancient civilization left signs across vast desert. NY Post 24 - US News
Mysterious ancient civilization left signs across vast desert.
People don’t tend to spend days traveling through the desert if they can help it. Which could be why most people outside...
US Living News: Woman discovers her long-lost sister lives next door. NY Post 24 - US News
Woman discovers her long-lost sister lives next door.
A woman who spent seven years hunting for her long-lost sister discovered she was her next door neighbor – after spotting...
US Living News: Toxic algae blooms becoming more common across US. NY Post 24 - US News
Toxic algae blooms becoming more common across US.
SALEM, Ore. — The words blasted to cellphones around Salem, Oregon were ominous: “Civil emergency. prepare for action.”...

Business

Last US Business News: CNN staffer who resigned over retracted Russia story named interim head of CBSNews.com. NY Post 24 - US News
CNN staffer who resigned over retracted Russia story named interim head of CBSNews.com.
One of the three CNN staffers who resigned in June 2017 over a retracted story about alleged collusion between Russia and...
Last US Business News: Netflix PR chief exits over insensitive remarks. NY Post 24 - US News
Netflix PR chief exits over insensitive remarks.
Netflix Chief Communications Officer Jonathan Friedland is leaving the company following a controversy over insensitive remarks....
Last US Business News: This is the most American-made car. NY Post 24 - US News
This is the most American-made car.
Years of auto shareholders change — with parts manufacturing and vehicle assembly scattered around the world — leave...
Last US Business News: Sale price for Weinstein Co. cut by $23 million. NY Post 24 - US News
Sale price for Weinstein Co. cut by $23 million.
The Weinstein Company has agreed to reduce its sale price to Lantern Capital by $23 million, as doubts have been raised about...
Last US Business News: Tesla’s workforce cut will hit solar operation hard. NY Post 24 - US News
Tesla’s workforce cut will hit solar operation hard.
Electric car maker Tesla’s move last week to cut 9 percent of its workforce will sharply downsize the residential solar...
Last US Business News: OPEC agrees to increase oil output to avoid deficit. NY Post 24 - US News
OPEC agrees to increase oil output to avoid deficit.
OPEC agreed on Friday on a modest increase in oil production from July after its leader Saudi Arabia persuaded arch-rival...
Last US Business News: Pilgrim’s Pride bids on Hain Celestial’s protein business: source. NY Post 24 - US News
Pilgrim’s Pride bids on Hain Celestial’s protein business: source.
Pilgrim’s Pride is bidding for Hain Celestial’s protein business, a source close to the process told The Post. Hain,...
Last US Business News: Supreme Court rules SEC in-house judges unconstitutional. NY Post 24 - US News
Supreme Court rules SEC in-house judges unconstitutional.
A financial radio host and investment adviser scored a big win on Thursday when the Supreme Court ruled that administrative...

Metro

Metro News: Couple sues dog walker after pooch dies in ‘freak accident’. NY Post 24 - US News
Couple sues dog walker after pooch dies in ‘freak accident’.
A Manhattan couple is suing a dog walking service after their “baby” — a 1-year-old mini Australian labradoodle named...
Metro News: ‘Grid Kid’ murder suspect’s lawyer requests DA  launch probe into his office. NY Post 24 - US News
‘Grid Kid’ murder suspect’s lawyer requests DA launch probe into his office.
A lawyer for the man awaiting retrial for a 2003 murder is personally​​ petitioning the Brooklyn ​district ​a​​​ttorney...
Metro News: Guardian Angels vow to raid drug-infested park on Staten Island. NY Post 24 - US News
Guardian Angels vow to raid drug-infested park on Staten Island.
The Guardian Angels vowed to raid a drug-ravaged Staten Island park and make citizens’ arrests if cops don’t step up...
Metro News: Actress recalls creepy moment she was groped, pushed onto subway tracks. NY Post 24 - US News
Actress recalls creepy moment she was groped, pushed onto subway tracks.
A brave Manhattan actress recalled the terrifying moment an accused sex fiend groped her and flung her onto the subway tracks...
Metro News: Cop-killer getting out on parole: I only have a few years left to live. NY Post 24 - US News
Cop-killer getting out on parole: I only have a few years left to live.
Black Liberation Army cop-killer Robert Hayes has good news and bad news for the family of Sidney Thompson, the transit officer...
Metro News: Belmont Park worker dies of suspected rare rodent-borne virus. NY Post 24 - US News
Belmont Park worker dies of suspected rare rodent-borne virus.
NEW YORK — New York state health officials believe a backstretch worker at Belmont Park died from a rare virus found in...
Metro News: Lawyers billed taxpayers $850 an hour to defend de Blasio. NY Post 24 - US News
Lawyers billed taxpayers $850 an hour to defend de Blasio.
The outside law firm hired by Mayor Bill de Blasio to defend him against a probe by federal law enforcement officials billed...
Metro News: Speed camera program could expire after latest Cuomo move. NY Post 24 - US News
Speed camera program could expire after latest Cuomo move.
Gov. Andrew Cuomo said Friday he won’t call the legislature back into special session to extend the use of speed cameras...

Sport

Last US Sport News: Islanders have first two draft picks of the Lou Lamoriello era. NY Post 24 - US News
Islanders have first two draft picks of the Lou Lamoriello era.
The Islanders grabbed two of the top names left on the board when their pair of picks came up in the draft Friday. With the...
Last US Sport News: Rangers take Russian winger with No. 9-overall pick. NY Post 24 - US News
Rangers take Russian winger with No. 9-overall pick.
DALLAS — The Rangers went a little away from what was expected, taking 18-year-old Russian winger Vitali Kravtsov with...
Last US Sport News: Knicks’ top pick needs to be ready for NYC pressure cooker. NY Post 24 - US News
Knicks’ top pick needs to be ready for NYC pressure cooker.
Shortly before the Knicks picked fourth in 2015 — their highest selection since they won the first NBA lottery — the...
Last US Sport News: Sandy Alderson: Mets will be sellers if wins don’t come soon. NY Post 24 - US News
Sandy Alderson: Mets will be sellers if wins don’t come soon.
On the highway to nowhere that connects with the border of irrelevancy, the Mets are stuck in the middle lane. Even with...
Last US Sport News: Hanley Ramirez allegedly being investigated for drug trafficking. NY Post 24 - US News
Hanley Ramirez allegedly being investigated for drug trafficking.
Former Red Sox slugger Hanley Ramirez’s name has reportedly been linked to a federal and state investigation into a...