Pay TV industry loses record number of subscribers - Yahoo! Finance: "The weak economy is hitting Americans where they spend a lot of their free time: at the TV set.
They're canceling or forgoing cable and satellite TV subscriptions in record numbers, according to an analysis by The Associated Press of the companies' quarterly earnings reports.
The U.S. subscription-TV industry first showed a small net loss of subscribers a year ago. This year, that trickle has turned into a stream. The chief cause appears to be persistently high unemployment and a housing market that has many people living with their parents, reducing the need for a separate cable bill."
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