Deadline reports “It’s not easy being an indie standalone channel in the era of cord-cutting and “too much TV.” Participant Media learned that the hard way, moving in to pull the plug on its three-year old network Pivot TV, writing off a $200 million initial investment and further tens of millions in costs.

Cord-cutting “continues to dominate investor outlooks,” RBC Capital Markets’ Steven Cahall said this week. Pay TV providers– cable, satellite and telcos — lost 665,602 subscribers in Q2, according to researcher Bruce Leichtman.” Read More