Cable TV companies are losing subscribers fast, but milking the ones who stick around. Andy Meek explains.
The FCC and Charter:
Granting Charter’s petition is consistent with the text of the statute, requiring the deregulation of cable rates when, as here, an online streaming service option with comparable programming is available from a (local exchange carrier) affiliate in the franchise area, and reflects the competitive state of the video marketplace.
Charter’s position is that the presence of competition means it needs to be able to raise its rates to keep up.
As cable TV loses subscribers to video streaming services it raises rates on those who stick around.
Senator Ed Markey:
It is more important than ever that Congress pass the TRUE Fees Act, which protects cable subscribers from hidden fees and allows customers to end their contracts without early termination fees. Both the Commission and Congress should be looking out for consumers, not corporations and putting families first.
Yeah, like that’ll happen.