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Customers Dropping Cable TV for Online Movies & TV Shows

CNN has a story about how more and more consumers are watching TV and movies online, more consumers drop Cable, DVDs as content moves online.

I am one of a growing tide of consumers that over the last year or so have begun cutting their cable television subscriptions and shunning DVDs as more content becomes available online and faster broadband connections reach more parts of the country. Now, with the economy in a tailspin and consumers pinching budgets, the trend is picking up speed even though high-definition offerings and live events are still hard to come by.

No one knows how many people have cut their cable subscriptions, though some estimates have put the figure at about 1.1 million, or 1% of U.S. households with televisions. But already the trend is being blamed for shrinking performances at entertainment giants like Walt Disney Co. and Time Warner Cable. Both companies blamed slipping revenue in part on the trend at earnings conferences last week.

I'm paying close to $100 per month for digital cable service and 3 HD box, but no HBO or other premium channels. It's getting harder to pay this bill each month when we have Netflix (and Blockbuster Total Access), and more of the shows we like are online, for free.

Are you considering dropping cable TV?