"With five out of the top seven publicly traded linear pay TV platforms, including the top three, reporting customer numbers, it appears the industry's record-bad third-quarter subscriber losses could indeed surpass 1 million users, as some analysts have predicted," Fierce Cable reports.

The big picture: We're still waiting on Dish and Altice earnings, but so far 632,000 Pay-TV subscriber losses have been reported in Q3:

  • Verizon: Lost 18,000 Fios TV users
  • AT&T: Lost 251,000 for DirecTV and 134,000 for U-verse
  • Comcast: Lost 125,000 Pay-TV subscribers
  • Charter: Lost 104,000 Pay-TV subscribers (Legacy Charter lost 11,000; Time Warner lost ~86,000; Bright House lost 7,000)

Why it matters: Pay-TV losses are forcing the top cable, satellite and video providers to double down on other products and services.

  • Broadband services, particularly wireless broadband, for the most part is a higher-margin business than video, and margins only increase as consumers double down on streaming digital video. Comcast, Verizon and AT&T executives all discussed ways Pay-TV declines are leading to higher broadband revenues through increased video streaming.Comcast CEO and Chairman Brian Roberts said on last week's Q3 earnings, "We've anticipated this shift that's coming ... I think we've taken our innovation machine and pointed it as well now to broadband and broadband-only homes, and I think you'll see more of that coming in the future."AT&T SVP and CFO John Stephens said on last week's earnings call that the number of TV-and-wireless bundles have grown by 20% since the DTV (DirecTV) deal closed.Verizon EVP and CFO Matthew Ellis confirmed to investors two weeks ago that it still intends to launch its fixed wireless broadband offering in 2018.
  • Data and advertising: The MVPD's with content investments are hoping an expanded data set will lead them to more lucrative digital advertising opportunities. Verizon: With the addition of Oath, Verizon's Matthew Ellis says the company's addressable market "has expanded from millions of wireless and wireline customers to about one billion global content consumers."AT&T: AT&T's John Stephens says its advertising business is growing in "double digits," largely due to an increase in data-based digital TV ad buying. He suggested on its earnings call that "the indications are that this can be effective" for Time Warner's business (when/if the future merger goes through), based on what it has seen in its ad tech business and its entertainment group.
  • Streaming video: AT&T's DirecTV Now seems to be leading the pack. DirectTV added nearly 300,000 subscribers in Q3, bringing its total to nearly 800,000 customers in less than a year.

Go deeper

Robert Mueller speaks out on Roger Stone commutation

Former Special Counsel Robert Mueller testifies before the House Permanent Select Committee on Intelligence on Capitol Hill on Wednesday July 24, 2019. Photo: The Washington Post / Contributor

Former special counsel Robert Mueller responded to claims from President Trump and his allies that Roger Stone was a "victim" in the Justice Department's investigation into Russian interference in the 2016 election, writing in a Washington Post op-ed published Saturday: "He remains a convicted felon, and rightly so."

Why it matters: The rare public comments by Mueller come on the heels of President Trump's move to commute the sentence of his longtime associate, who was sentenced in February to 40 months in prison for crimes stemming from the Russia investigation. The controversial decision brought an abrupt end to the possibility of Stone spending time behind bars.

Trump dons face mask during Walter Reed visit

Trump wearing a face mask in Walter Reed National Military Medical Center on July 11. Photo: Alex Edelman/AFP via Getty Images

President Trump wore a face mask during his Saturday visit to Walter Reed National Military Medical Center, according to AP.

Why it matters: This is the first known occasion the president has appeared publicly with a facial covering as recommended by health officials since the coronavirus pandemic began, AP writes.

Updated 10 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 5:30 p.m. ET: 12,607,510 — Total deaths: 562,338 — Total recoveries — 6,948,863Map.
  2. U.S.: Total confirmed cases as of 5:30 p.m. ET: 3,228,884 — Total deaths: 134,600 — Total recoveries: 983,185 — Total tested: 38,919,421Map.
  3. Public health: Jimmy and Rosalynn Carter: "Please wear a mask to save lives" Fauci hasn't briefed Trump on the coronavirus pandemic in at least two months — We're losing the war on the coronavirus.
  4. Food: How the coronavirus pandemic boosted alternative meat.
  5. Sports: Charge of "money grab" by college football.
  6. World: India reimposes lockdowns as coronavirus cases soar.