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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
World Tech 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.

Tech

World Tech News: Tech pioneer wants you to take a six-month break Facebook. NY Post 24 - US News
Tech pioneer wants you to take a six-month break Facebook.
Some people have bad social-media addictions. You probably know them. But is it possible that you yourself have a mild case...
World Tech News: Amazon workers ask Bezos to stop selling tech to law enforcement. NY Post 24 - US News
Amazon workers ask Bezos to stop selling tech to law enforcement.
There was another social activism uprising in tech land this week — and this one got in Jeff Bezos’ face. An undisclosed...
World Tech News: Astronauts are about to create coldest spot in entire universe. NY Post 24 - US News
Astronauts are about to create coldest spot in entire universe.
Space is a chilly place, but scientists aboard the International Space Station are about to make it just a little bit colder...
World Tech 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...

Opinion

Last US News - Opinion: Tech pioneer wants you to take a six-month break Facebook. NY Post 24 - US News
Tech pioneer wants you to take a six-month break Facebook.
Some people have bad social-media addictions. You probably know them. But is it possible that you yourself have a mild case...
Last US News - Opinion: Liberal Jews are destroying their own religion. NY Post 24 - US News
Liberal Jews are destroying their own religion.
American Judaism is broken. When two of the Jewish community’s most celebrated writers, Michael Chabon and his wife Ayelet...
Last US News - Opinion: The NY Times’ absurd Koch brothers conspiracy. NY Post 24 - US News
The NY Times’ absurd Koch brothers conspiracy.
The half-awake citizen may be unaware just how dexterously the arms of the Kochtopus have reached into every precinct of...
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...

Living

US Living News: How Communism gave birth to the world’s most vicious mafia. NY Post 24 - US News
How Communism gave birth to the world’s most vicious mafia.
Gennady Karkov, the notorious Soviet Union gangster known best as “The Mongol,” stood out amid a world of vicious criminals....
US Living News: Inside Russia’s long history of poisoning political enemies. NY Post 24 - US News
Inside Russia’s long history of poisoning political enemies.
Russia’s reach is long, its methods secret, and its vengeance coldly calculated. On March 4, 66-year-old Sergei Skripal...
US Living News: Why Amber Tamblyn wrote a novel about a female rapist. NY Post 24 - US News
Why Amber Tamblyn wrote a novel about a female rapist.
Actress Amber Tamblyn, one of the founders of the Time’s Up movement, picked a surprising topic for her debut novel. “Any...
US Living News: My twins overcame the odds to exist thanks to NYC. NY Post 24 - US News
My twins overcame the odds to exist thanks to NYC.
When I became a mother in 2014, I thought the hard part was over. It had taken me five months to conceive and almost three...
US Living News: Gambling will be the death of Atlantic City. NY Post 24 - US News
Gambling will be the death of Atlantic City.
Here come just what the gambling millions haven’t prayed for: two mammoth new Atlantic City casinos opening on June 28....
US Living News: Tech pioneer wants you to take a six-month break Facebook. NY Post 24 - US News
Tech pioneer wants you to take a six-month break Facebook.
Some people have bad social-media addictions. You probably know them. But is it possible that you yourself have a mild case...
US Living News: Why the middle class can’t afford life in America anymore. NY Post 24 - US News
Why the middle class can’t afford life in America anymore.
After spending his days teaching AP American History and Economics at the public Live Oak High School in San Jose, Calif.,...
US Living News: Liberal Jews are destroying their own religion. NY Post 24 - US News
Liberal Jews are destroying their own religion.
American Judaism is broken. When two of the Jewish community’s most celebrated writers, Michael Chabon and his wife Ayelet...

Business

Last US Business News: Goldman Sachs recommends GE suspend dividend. NY Post 24 - US News
Goldman Sachs recommends GE suspend dividend.
General Electric ended a bad week on an ugly note when Goldman Sachs recommended Friday that the Thomas Edison-founded company...
Last US Business News: Kraft interested in buying Campbell Soup. NY Post 24 - US News
Kraft interested in buying Campbell Soup.
There could soon be a line forming in front of Campbell’s HQ. Campbell Soup, which last month said it was reviewing all...
Last US Business News: Amazon workers ask Bezos to stop selling tech to law enforcement. NY Post 24 - US News
Amazon workers ask Bezos to stop selling tech to law enforcement.
There was another social activism uprising in tech land this week — and this one got in Jeff Bezos’ face. An undisclosed...
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...

Metro

Metro News: These domestic superheroes combat evil one wrinkle at a time. NY Post 24 - US News
These domestic superheroes combat evil one wrinkle at a time.
Some like it hot, pressed and starched. Especially members of the Brooklyn Ironers’ Union — a group of eight domestic...
Metro News: Teens groped by middle-aged creep after Broadway show. NY Post 24 - US News
Teens groped by middle-aged creep after Broadway show.
A creep groped three teenage tourists who had just gotten out of a Broadway show, cops said Saturday. The middle-aged perv...
Metro News: Staten Island principal busted for role in auto insurance scam. NY Post 24 - US News
Staten Island principal busted for role in auto insurance scam.
A Staten Island high school principal was busted for her alleged role in an auto insurance scam in Pennsylvania, a report...
Metro News: Top prosecutor says safe injection sites come at ‘expense of public safety’. NY Post 24 - US News
Top prosecutor says safe injection sites come at ‘expense of public safety’.
The city’s top drug prosecutor ripped City Hall’s plan to open safe injection sites in a letter she sent to state health...
Metro News: Skelos son made threats dad would block contract unless he got a raise. NY Post 24 - US News
Skelos son made threats dad would block contract unless he got a raise.
The son of former state Senate Majority Leader Dean Skelos threatened to have his dad block a $12 million contract to an...
Metro News: Dept. of Transportation reopens long-closed Chinatown route. NY Post 24 - US News
Dept. of Transportation reopens long-closed Chinatown route.
Chinatown residents rejoiced Friday as a long-closed route from their neighborhood to lower Manhattan finally reopened —...
Metro News: Man who escaped ICE at JFK airport convicted. NY Post 24 - US News
Man who escaped ICE at JFK airport convicted.
Brooklyn jurors swiftly convicted the Senegalese man who managed to ditch ​immigration officers during a layover at JFK...
Metro News: Intern drops big-bucks claim against Horndog CEO. NY Post 24 - US News
Intern drops big-bucks claim against Horndog CEO.
The Swedish intern who won a $5.6 million payout from her horndog Wall Street ex-boss has withdrawn her claim against him...

Sport

Last US Sport News: Ilya Kovalchuk is returning to NHL after five-year absence. NY Post 24 - US News
Ilya Kovalchuk is returning to NHL after five-year absence.
Russian forward Ilya Kovalchuk has agreed to a three-year, $18.75 million deal to return to the NHL with the Los Angeles...
Last US Sport News: Aaron Judge wasn’t thrilled with the plate umpire. NY Post 24 - US News
Aaron Judge wasn’t thrilled with the plate umpire.
ST. PETERSBURG, Fla. — It’s not in Aaron Judge’s DNA to howl at an umpire who might have missed a pitch on him. And...
Last US Sport News: Clint Frazier’s future in doubt again now that Gardner’s back. NY Post 24 - US News
Clint Frazier’s future in doubt again now that Gardner’s back.
After missing almost a week because of an inflamed right knee that underwent an MRI exam, Brett Gardner returned to the top...
Last US Sport News: Don’t expect Knicks to be active in free agency. NY Post 24 - US News
Don’t expect Knicks to be active in free agency.
Knicks general manager Scott Perry didn’t sound as if he will be signing LeBron James in July. Or as if he’ll have any...
Last US Sport News: GM leaves Mets fans with more questions than answers. NY Post 24 - US News
GM leaves Mets fans with more questions than answers.
If you were hoping to hear something from Sandy Alderson that would ease some of the nausea created by the Mets’ slide...