Report: 2020 Was Worst Year Ever for Cord-Cutting

Broadcasting & Cable: For the media industry, 2020 was the worst year ever for cord cutting, according to a new report from analyst Craig Moffett of MoffettNathanson. Traditional distributors lost 6 million subscribers, a drop of 7.3%. Penetration was down to a level not seen in nearly 30 years, Moffett noted. Streaming virtual multichannel video programming distributors “were, by and large, a disappointment.”