Spain’s pay-TV remains in free-fall according to the latest report from the Competition Watchdog CNMC. Over the last year, the pay-TV market lost 374,167 subscribers, down 8.8 per cent year-on-year. As of December 31st, pay-TV had 3,774,777 subscribers, down 7 per cent from the previous year with 4,077,101 and somewhat short of its peak of over 4.4 million in 2011.

All pay-TV operators lost subs. Canal Plus,

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