Cable and satellite TV companies need a miracle to save them from cord-cutting

Cable TV is in steady decline, while satellite continues its free-fall.

Cable and satellite TV services had another lousy quarter as cord-cutting continues. BTIG analyst Rich Greenfield notes that AT&T, Charter, Comcast, Dish, and Verizon lost a combined 1.1 million subscribers year-over-year in Q4 2018. Those same companies lost another million subscribers in the quarter prior.