A Very Interesting Paragraph From …

… yesterday’s Wall Street Journal:

Meantime, over the past two quarters, the number of U.S. households that subscribe to cable and other paid TV services fell for the first time since the dawn of cable – by about 335,000 households out of about 100 million, according to data provider SNL Kagan.
Time Warner Inc. said last month it expects its HBO pay-TV service to lose 1.5 million subscribers this year, though it blamed the decline on the poor economy and changes in promotions, not on consumers replacing cable subscriptions with Web video, a practice dubbed “cord-cutting.”