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As sites like Hulu and Netflix drew viewers with promises of just-aired television shows, the TV industry has been enveloped by a fear of cord-cutters. But those TV companies might want to take a deep breath because, according to cable's latest earnings reports, old-school TV is doing just fine.
Recent numbers show that the majority of American households are still paying for—and watching—their cable TV subscriptions, says The New York Times. And people who are cancelling their subscriptions aren’t doing so because they’d rather watch TV online, but because they can’t bear the financial burden of a monthly cable bill.
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