People eliminating cable tv

Given the abuses and monopolistic tendencies of the cable industry, I think this is good news:

“Some 900,000 U.S. homes didn’t pay for TV and relied solely on Web TV last year, according to estimates from consulting firm Parks Associates, which projects that the number will grow this year. And 8% of adults now view television shows online at least once a week, up from 6% who did so in 2008, according to a survey by the Leichtman Research Group. The same survey found that 8% of adults who watch video online now watch TV less often.

Overall, while the number of households paying for cable rose 2% last year, pay-TV growth has slowed considerably. In the last three months of 2008, pay-TV penetration grew by only 0.7%, or 220,000 homes, its lowest rate on record, according to Sanford C. Bernstein & Co.”

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