Pay-TV companies losing tens of thousands of subscribers as more customers cut the cord

The pay-TV industry, which includes cable, satellite and phone companies offering video service, lost 113,000 subscribers during the third quarter making this year the industry’s worst 12-month stretch ever.

This year will probably be the worst for the pay-TV industry in terms of customer retention, according to a report Tuesday by independent research firm MoffettNathanson.

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