Shares of TV providers dump as AT&T warns of video losses

Signs that some-more people are dropping their normal TV subscriptions weighed on TV providers’ bonds Thursday.

ATT pronounced it mislaid 90,000 video subscribers in a U.S. in a third quarter. It’s a steeper dump than a same duration final year, even yet gains from a newer, cheaper online cable-like service, DirecTV Now, are included. DirecTV Now wasn’t accessible in a July-September entertain in 2016.

DirecTV Now combined 300,000 subscribers in a quarter, so ATT mislaid about 390,000 satellite TV and wire customers.

ATT, that is also a No. 2 wireless conduit in a U.S., blames tough foe from both normal TV providers like Comcast and newer digital-video services like YouTube TV. It also blames a impact from hurricanes and stricter credit standards for customers.

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