FACTBOX-More subscribers abandon pay-TV in the second quarter

July 28 (Reuters) - Five of the largest U.S. pay-TV providers posted subscriber losses during the second quarter as younger viewers increasingly cut the cord and moved to "skinny bundles," or cheaper packages with select channels, and Internet streaming services like Netflix or Hulu. Comcast Corp, the biggest cable company, shed 34,000 video subscribers during the quarter, compared with 4,000 customers lost in the prior-year quarter. AT&T Inc lost 351,000 satellite and U-verse customers in the quarter, and though it added 152,000 subscribers to its DirecTV Now streaming service, it was not enough to offset total losses. The following lists the cable companies and the number of pay-TV subscribers lost during the second quarter. The five pay-TV providers lost a total of 527,000 customers. Satellite television provider Dish Network Corp is expected to report its numbers next Thursday.

Company Ticker Change in cable


Altice USA Inc ATUS.N -37,000 AT&T Inc T.N -351,000* Charter CHTR.O -90,000

Communications Inc

Comcast Corp CMCSA.O -34,000 Verizon VZ.N -15,000

Communications Inc

* Figure does not include DirecTV Now, AT&T Inc's streaming service

(Reporting by Sheila Dang; editing by Anna Driver and Dan Grebler)