03/05/2013 10:35 am ET

The Rise Of TV Cord Cutters

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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