To borrow and modify a phrase from the Buggle's (see above) big hit of the eighties, Satellite killed the cable providers. It's a song that might not have much rotation at Citywest, the recently crowned owners of the Monarch cable operations of the northwest.
A report released by the CRTC has shown that Canadians apparently are letting their eyes do the talking and the eyeballs are picking up on the likes of Starchoice and Expressvu.
The study shows that the total number of households with satellite television in 2005 rose by 8% to 2.5 million subscribers going the space bound digital way, compared to a drop in cable usage with 24,000 former cable users dropping out, taking the cable penetration down to just over 6.61 million users.
The satellite industry collected revenues of 1.5 billion dollars while cable dropped below 1 billion for the first time, collecting revenues of 926 million in 2005.
It would seem for now until the next new wave of technology comes our way, that the satellite industry is the one with the growth while cable seems to be in decline after many years of owning the business.
For those with a bit of time on their hands, you can read the full CRTC report here, complete with links to pdf files and such, happy reading!
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