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Axios Apr 28
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Cable companies take a hit as cord-cutting picks up speed

Two kids watch cartoons online on an iPad.
Two kids watch cartoons online on an iPad tablet. Photo: Artur Debat / Contributor

"More customers are dropping cable TV as they turn toward streaming services like Netflix Inc., a fundamental shift in consumer behavior that was on display this week in painful earnings reports from cable and telecommunications companies," The Wall Street Journal's Shalini Ramachandran writes on the front page.

Amazing stat: "The upheaval in the pay-TV economy is stark. From the beginning of 2015 through the end of last year, nine million Americans have either cut the cord or chosen not to buy a traditional cable package when moving into new households, according to estimates from MoffettNathanson."