Syracuse, N.Y. — Spectrum plans to raise its cable TV rates in August, citing increased programming costs.
The biggest cable company in New York will raise its broadcast TV surcharge $2.95 from $13.50 to $16.45 a month. Spectrum says the charge covers the fees that local broadcast stations charge to carry their broadcasts. Cable companies are required by law to carry local broadcast stations, though they are not required to charge a separate fee for them.
In addition, the company said it will raise the price of its TV-only packages (TV Select, TV Silver and TV Gold) by $1.50 a month.
“Programmers annually raise programming fees to deliver the same content, leading to higher costs across the entire industry,” Lara Pritchard, a spokesperson for Spectrum, said in a statement. “The increase we are passing through to viewers is a direct result of these rising programming costs.”
She said the company will pass through to customers any rebates it receives from programmers for the loss of live sports during the coronavirus pandemic.
The increases will take effect with the billing cycles that start Aug. 5. Customers who are paying a promotional price for a Spectrum TV package will not see the increases until the end of their promotional period.
There will be no change in the prices of Spectrum’s internet, mobile and phone services.
Some of Spectrum’s competitors are also raising prices:
- YouTube TV, a streaming video service that serves as a cable alternative, recently announced it is raising its monthly price from $50 to $65. The increase will take effect immediately for new customers and with billing cycles beginning July 30 for current customers.
- AT&T is raising the monthly prices for its AT&T TV and DirecTV packages for new customers by $10.
- ESPN+ increased its monthly price by $1 to $5.99, though the cost of an annual subscription will remain the same at $49.99 a year.
Rick Moriarty covers business news and consumer issues. Got a tip, comment or story idea? Contact him anytime: Email | Twitter | Facebook | 315-470-3148
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July 21, 2020 at 10:48PM
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Spectrum to raise cable TV rates - syracuse.com
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