Why Are People Abandoning Cable TV?

Is the internet finally following through on its threat to kill television? New reports are showing that viewers are dropping their cable subscriptions and, more interestingly, not replacing them with another cable or phone subscription.

Numbers for the third quarter of 2010 show that Time Warner Cable lost 155,000 subscribers, more than double the same period last year, while Comcast’s drop-off rate also more than doubled, to 275,000.