Comcast already announced a price increase for its cable TV services in many parts of the country effectively from December 1. Insight Communications also to increase the prices from January 1. The cable operator has announced that the cable prices would go up by $3 per month as they incur high programming costs for many channels.
Charter Communications also had come up with an increase of $2 per month on an average. Mediacom expected to increase the rates from 5 to 7.5%.
We have to wait and watch as the country is hit with the recession and people will have second thought to spend for the indoor entertainment. This increase in prices will have a huge effect in the first quarter results of these cable companies.
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