The Rise Of TV Cord Cutters

The Rise Of TV Cord Cutters
SAN FRANCISCO, CA - OCTOBER 24: Netflix envelopes sit in a bin with other mail at the San Francisco Post Office sort facility on October 24, 2011 in San Francisco, California. Online movie rental company Netflix reported third quarter earnings of $62.5 million, or $1.16, per share compared to $38 million, or 70 cents per share one year ago. (Photo by Justin Sullivan/Getty Images)
SAN FRANCISCO, CA - OCTOBER 24: Netflix envelopes sit in a bin with other mail at the San Francisco Post Office sort facility on October 24, 2011 in San Francisco, California. Online movie rental company Netflix reported third quarter earnings of $62.5 million, or $1.16, per share compared to $38 million, or 70 cents per share one year ago. (Photo by Justin Sullivan/Getty Images)

Mike Cavalier, a 28-year-old New York—based college administrator, is a regular viewer of "Downton Abbey," "The Daily Show With Jon Stewart" and "Breaking Bad." But he's not watching any of them on TV; instead, he uses online services such as Netflix, Hulu and iTunes. "I do own a TV," he says. "But I only use it to watch DVDs."

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