The cord-cutting trend should offer a wake-up call for Time Warner Cable and CBS to "think longer term" beyond their current standoff over retransmission-consent fees, The Wall Street Journal's Martin Peers writes. Among younger viewers, cord-cutting is very real -- about three-quarters of those ages 13 to 33 have pay-TV subscriptions, compared with 85% in June 2010, GfK has found. "Cord-cutting used to be an urban myth. It isn't anymore," analyst Craig Moffett added in a separate report.

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