Cable Prices Keep Rising
aegiselect wrote an interesting post today on
Here’s a quick excerpt
Americans discouraged by higher gas prices and airline fares may decide to spend more vacation time at home, perhaps watching television.
But that, too, will cost them more than ever.
Cable prices have risen 77 percent since 1996, roughly double the rate of inflation, the Bureau of Labor Statistics reported this month.
Cable customers, who typically pay at least $60 a month, watch only a fraction of what they pay for–on average, a mere 13 percent of the 118 channels available to them. And the number of subscribers keeps growing.
The resiliency of cable is all the more remarkable because the Internet was supposed to change all things digital. Technology has led to more choices and lower prices for news and music as well as cell phone and landline minutes–not to mention computers, cameras, music players, and phones themselves.
Yet here is a rare instance where Silicon Valley has failed to break a traditional media […]
Read the rest of this great post here