Washington Post (May 23)
During Q1, “another 2.3 million customers (or 7 percent of the total) cut the cord to traditional cable — the fastest cancel-my-subscription pace ever recorded.” So far cable news has not been greatly impacted, though “the rest of the cable lineup has sagged disastrously…. USA Network, once the most popular cable channel, has lost 75 percent of its nightly audience over 10 years. FX is down 68 percent. History Channel is off by 65 percent.” It probably won’t be long “when an exodus of cable subscribers leaves cable operators unable to afford the hefty license fees that those news programmers now command.”
Tags: Audience, Cable channel, Cable news, Cancel, Cord cutters, Customers, Exodus, FX, History Channel, Impacted, License fees, Q1, Subscribers, Subscription, USA Network
CNN (August 12)
“Hong Kong has recorded its sharpest annual drop in population,” falling from “7.41 million people to 7.29 million, a 1.6% decrease.” Experts attribute the exodus to “strict Covid control measures and a political crackdown that have taken the shine off a financial hub long advertised as ‘Asia’s world city.’”
Tags: 1.6% decrease, Annual, Asia, Control measures, Covid, Drop, Exodus, Experts, Financial hub, Hong Kong, Political crackdown, Population, Strict
The Hill (November 18)
“Next year, the number of Venezuelans fleeing their country will overtake the Syrian exodus. To date, more than 4 million have left. One-third of these refugees and migrants are sheltering in Colombia, which has maintained a very generous open-door policy,” but is showing signs of being overwhelmed. Colombia “indeed appears headed towards a tipping point. Such an outcome would exacerbate the regional humanitarian crisis triggered by Venezuela’s collapse.”
Tags: Collapse, Colombia, Exodus, Fleeing, Generous, Humanitarian crisis, Migrants, Overwhelmed, Refugees, Sheltering, Syria, Tipping point, Venezuela
Bloomberg (September 17)
Global investors have “sold $4.5 billion of Indian shares since June, on course for the biggest quarterly exodus since at least 1999.” That’s roughly a tenth of their total investment during the previous six years. “India’s economic growth has decelerated for five straight quarters.” India could now experience “a structural slowdown that pummels the country’s $2 trillion stock market, throws a wrench into growth plans of international companies from Amazon.com Inc. to Netflix Inc.,” and diminishes job prospects “for the millions of young Indians who enter the workforce every year.”
Tags: Amazon, Exodus, Global, Growth, India, Investors, Jobs, Netflix, Prospects, Shares, Slowdown, Stock market
South China Morning Post (August 14)
“The crisis in Hong Kong appears to be careening towards a devastating climax.” But China “must pick the least bad option to resolve Hong Kong crisis” and that’s not a PLA crackdown. The PLA would be treated “as invaders, and resistance would be fierce and casualties unavoidable.” Furthermore, “an exodus of expats and elites would follow, and the Hong Kong economy – still a bridge between China the rest of the world – would almost immediately collapse.”
Tags: Careening, Casualties, China, Collapse, Crackdown, Crisis, Devastating climax, Elites, Exodus, Expats, Hong Kong, Invaders, PLA, Resistance