Cable Subscribers Flee, Is Internet to Blame?

Cable companies have been losing TV subscribers at an ever faster rate in the last few months, and satellite TV isn't picking up the slack.

That could be a sign that Internet TV services such as Netflix and Hulu are finally starting to entice people to cancel cable, though company executives are pointing to the weak economy and housing market for now.

Third-quarter results reported Thursday by major cable TV companies show major losses, but don't settle the question of what's causing them.

If "cord-cutting" in favor of Internet video is finally taking hold, that has wide-ranging implications. The move could have the same disruptive effect on the TV and movie industries as digital downloads have already had on music.