Cable bills are soaring, with some consumers paying almost $1,300 a year as a result
Consumers are cutting the cord in droves and increasingly replacing traditional cable TV packages with skinny bundles and streaming options. And, of course, in the face of that existential threat, what do cable providers do in response? Jack up prices on their remaining customers, it seems.
That's according to new data from consumer research firm Leichtman Research Group, Inc., which found that the average cost that households pay each month for cable has gone up to $107, which would be almost $1,300 a year. That's up 1 percent from last year, which the firm says is partly the result of an increase in fees related to things like regional sports licensing. If you go back to 2010 though, today's average cable bill is up more than 50 percent.
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Cable bills are soaring, with some consumers paying almost $1,300 a year as a result originally appeared on BGR.com on Wed, 31 Oct 2018 at 17:02:35 EDT. Please see our terms for use of feeds.