Comcast Ups Rates: Bad Precedent?
October 8, 2008 by Rico Mossesgeld
Filed under Services
Yesterday, Comcast increased its rates by 4.6 percent across the board, covering at the very least it’s digital cable and internet services:
The price hikes include $5.70 per month for the Digital Classic package, and $3.70 for standard cable service.
The increases are necessary because Comcast is hurt by the economy, too, spokesman Jeff Alexander said.
He cited gas prices, health care costs, increased programming costs, and improvements in the company’s technology and service.
As reader Carl noted when passing the news along, Comcast may have set a bad precedent for other service providers to follow. Can we expect companies to start charging higher monthly fees, and point the finger at the poorly performing economy?
Yearly increases by all the cable companies is nothing new. The biggest reason is because of programming costs, which go up by several percent ever year.