Pay TV Losses Accelerate In 2Q

With most of the major distributors reporting, analyst Jeffrey Wlodarczak of Pivotal Research Group said his scorecard shows cable blowing away expectations for adding broadband subscribers at the same time pay TV subs are declining. Second-quarter U.S. net new broadband subs (including some private operators) rose 350% year over year to 1.1 million, Wlodarczak said in a research note Friday.