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Earnings Watch: Pay TV expected to lose more than a million subscribers in latest quarter

Cable TV is staring down the barrel of the gun, as the second quarter is expected to feature dismal subscriber trends for the pay-TV industry.

The second quarter is a historically weak one for media companies, and as streaming competition continues to intensify and the cord-cutting trend persists, analysts have low expectations for the quarter.

Wells Fargo analyst Marci Ryvicker forecasts total pay-TV subscriber declines of 1.28 million in the second quarter.

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“It’s not a great environment, but it feels like expectations are low enough,” Ryvicker wrote in a note to clients.

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