Cable firms pay 5% of gross revenue
NYCwireless is forgetting that the cable firms are already paying 5% of gross revenue as a franchise fee. This is a side deal over and above that.
No kidding. So if you're paying $50 per month for internet $2.50 of that goes to NYC gov't. Pretty sweet deal for them (the gov't).
Cable modem service or internet service in general is not subject to franchise fees. This is based on a FCC ruling.
SSidlovOther Things On My MindPremium
Pompton Lakes, NJ
|reply to fifty nine |
Cable TV service does pay franchise fees. And in most home/apts around here that's $50-100 a month once the deals run out. A few years ago an audit showed that TWC applied the fee incorrectly and NYC got an extra $7mill payment.