Time Warner Just Found a Sneaky New Way to Raise Your Cable Bill
Dec-29-2014

While Time Warner Cable waits to hear if the Federal Communications Commission will approve its planned $45 billion merger with Comcast, the company has kept busy finding sneaky new ways to collect more money from its customers.

Effective January 1st, the company will be implementing a $2.75-per-month fee for sports programming, the Charlotte Observer reported. Customers won't have the option of opting out of any sports channels to avoid the fee, and they won't get anything extra for paying it. The company will also be raising a second fee -- the nine month old broadcast TV surcharge -- from $2.25 to $2.75 per month.

Time Warner Cable, which saw its revenue climb by 3.6% and its OIBDA grow by 2.4% year-over-year in the most recent quarter, said increasing programming costs justify the added fees.

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Posted by Ken at 1:43 AM - Link to this entry  |  Share this entry  |  Print