Broadband subscriptions dropped 51% since last year, according to data released by Leichtman Research Group. Only 887,000 subscribers were added to a group of companies comprising 94% of the market. Cable companies accounted for 670,000 of those additional subscriptions.
The numbers also seem to support research from the University of Minnesota suggesting that internet traffic growth claims by the cable companies and other internet service providers are largely overblown.
There are now 65.1 million broadband subscriptions among this group of companies. Cable enjoys 35.1 million of the subscriptions, while the phone companies have over 29.7 million of them.
Here's the breakdown among the top cable and phone companies:
Vote on Proposed FCC Free Broadband Plan Delayed
Uncle Sam Says: Thumbs Down on Net Neutrality
Time Warner to Split AOL Media and Access Divisions
Google Explains its Wireless Dreams
Comcast Playing Hardball with Google?
Twitter Canada MD Kirstine Stewart to Keynote Toronto
ClickZ Live Toronto (May 14-16) is a new event addressing the rapidly changing landscape that digital marketers face. The agenda focuses on customer engagement and attaining maximum ROI through online marketing efforts across paid, owned & earned media. Register now and save!