Cutting the cord in droves: 5.5 million Americans ditched cable and satellite TV in 2019 as most flock to cheaper online streaming options

Americans are cutting the cord and ditching traditional cable and satellite television subscriptions in favor of cheaper online streaming options at a faster rate, according to the latest survey.

In 2019, nearly 5.5 million customers who subscribed to large cable and satellite companies canceled their packages - a sharp jump from the 3.2 million subscribers who jumped ship the previous year.

The numbers reflect the increasingly high cost of programming as well as installation and equipment fees that come with the traditional cable and satellite packages.

Experts say that more Americans will opt out of cable and satellite in favor of online streaming services.

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