Comcast Raising Prices, Places Blame on HD Signals

Posted Thu Sep 17, 2009 at 01:30 PM PDT by Mike Attebery

There will be a reported price increase for subscribers of Comcast’s cable TV services next month, and the blame is being placed squarely on the shoulders of HDTV.

Citizens of California and Washington have been warned by Comcast that their rates will be increasing anywhere from 1.6% to 2.7% in the upcoming year. Additionally, cable modem rental rates will increase from three dollars monthly up to five.

“We continually invest in providing customers with next-generation equipment and technology” said Comcast in a statement issued yesterday. “Our costs for this new equipment will increase by 167% over the next two years.”

Comcast could not give specifics on who the rate hikes will affect, but said that they will happen market to market, but are starting this fall.


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Tags: HDTV cable providers, Comcast (all tags)