Video cord-cutting? Not so much
Predictions that economic hard times and the widespread availability of video content on the Internet would lead to a decline in pay TV service sales did not pan out in the fourth quarter - quite the opposite is true, in fact. With Echostar's Dish Networks and a smattering of cable companies yet to report results, Sanford Bernstein Analyst Craig Moffett said the numbers show subscriber additions actually grew by 441,000 in the fourth quarter of 2008, fueled by the success of AT&T, Verizon and DirecTV, which sells directly and in partnership with telcos.