Comcast Raises Rates in Face of FiOS
An average of 3.2% despite record profits...
by Karl Bode 09:21AM Monday Jan 08 2007 Tipped by Morac
writes in: "An article from the Courier Post in NJ discusses how Comcast is raising its TV service rates on average 3.2%, despite record profits last quarter, just as Verizon readies to deploy TV service to 100 towns. Verizon's new service will be cheaper and have more channels than Comcast's service, but will only be available in a 100 towns at launch. The article then goes to mention the history of Comcast's rate hikes as well as how the FCC states that competition will lower rates by 17%. The article ends off with Andrew Jay Schwartzman, president of Media Access Project, a public interest law firm, stating that most likely competition between Comcast and Verizon probably won't lead to lower rates in the long run. I don't see how Comcast can justify raising rates when they are making money hand over fist."
92 comments .. click to read
What I'm appalled by is how addicted americans are to tv...
If we were to consider all the effects:
the wasted money and time spent vapidly staring at a screen.
the effect of celebrity worship
the warped value system it imparts
the consequence of living in a society awash in softcore porn and use of sexual imagery to constantly manipulate people
we should probably rank it above drug use as the most destructive addiction this country faces. It really should be viewed as a national PROBLEM.
pnh102Reptiles Are Cuddly And PrettyPremium
Mount Airy, MD
No Understanding of Business
quote:Someone who says this clearly has no understanding of how business works. Every business will charge the highest price it can possibly charge before it starts to lose customers. Comcast can raise its rates only because it can get away with it.
I don't see how Comcast can justify raising rates when they are making money hand over fist.
Only SHATNER is Kirk.