December 04, 2017
San Diego sees diminishing tax revenues due to cord-cutting trend
San Diego, the eighth most populous city in the United States, is the largest to report that the small but accelerating cord-cutting trend has had a noticeable effect on tax revenues.
The latest projection on cord-cutting, from eMarketer in September, is that over 22 million people will have dropped their cable subscriptions by the end of this year (the company previously predicted only 15.4 million). The trend is compounded by the 34.4 million mostly young people who have never subscribed to cable. There are still 196 million pay-TV subscribers.