Cord-cutting continues to nibble away at the U.S. pay-TV industry.
According to a SNL Kagan report released Tuesday, the industry suffered a net loss of 217,000 subscribers in the second quarter of this year compared to the same period last year.
The report also showed that traditional cable companies -- including
The SNL Kagan report primarily highlighted comparisons from the first quarter of this year to the second quarter. That comparison showed that the cable, satellite and telco video service companies collectively lost 366,000 TV subscribers when looking at one quarter to the next.
Still, the losses represented an 11% improvement from the same measurement period in 2012 when the number of subscriber losses reached 411,000.
Cable companies experienced the greatest declines -- a drop of about 607,000 subscribers -- which was more than double the drop from the previous period. (The second and third quarters, not surprisingly, are softer quarters for the industry because the weather is warmer and people find other activities.)
Still, SNL Kagan noted that the 607,000 figure represented "a slight improvement" from 2012, when losses were greater. Cable's share of the combined customer base for the pay-TV industry slipped to 55.3%.
Losses by Time Warner Cable because of the CBS dispute were not included in the count because the CBS blackout fell during the third quarter.
The two satellite providers --