Nearly 2 million US households cut cable and satellite TV during 2020's first quarter

Americans are cutting the cord, and TV providers are feeling the pain.As the COVID-19 pandemic swept through the country during the winter months, cable and satellite-TV companies experienced a steady thaw of paying customers.Approximately 1.8 million American households canceled subscriptions during the first quarter of 2020, Variety reports.More alarming for cable companies is that the second quarter — with most of the country in lockdown mode — could cause even more hemorrhaging, analysts predict.The combination of high monthly costs and the disappearance of live sports as unemployment rate…

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