I have long been predicting people would dump pay TV and go Internet TV only. Well, it shows what I know!
New data from a media research outfit indicates that instead of people firing pay TV, they are dumping their home internet connection that they'd need to watch Internet TV in the first place anyway.
In fact, people are cutting the cord on their home Internet connection at a rate that's 2.5 times faster than they're cutting the cord on pay TV!
Why? In part, because of new large screen phones known as "phablets." People are using these devices -- along with traditional smartphones, laptops, and tablets -- to surf on free wifi. And we all know free wifi is popping up in more and more places.
So they're saving the cost on an Internet connection at home by cobbling together free wifi using their mobile devices on the go!