Click to Skip Ad
Closing in...
  1. Best Wireless Charger For iPhone
    13:04 Deals

    3-in-1 wireless charging station for Apple devices is down to $17 at Amazon

  2. Best TV Soundbar
    09:57 Deals

    Did someone make a mistake? There’s no way this soundbar should only cost $49.99

  3. Amazon Best Drone Deals
    11:50 Deals

    Amazon deal drops this top-rated foldable 1080p camera drone to just $49.99

  4. Amazon Echo Auto Price
    08:43 Deals

    Incredible Amazon deal adds hands-free Alexa to any car for $19.99

  5. Best Deals on Amazon
    07:26 Deals

    Best Deals on Amazon (July 2021)




Comcast CEO says ‘you can’t raise the price forever,’ just before Comcast raises prices

September 17th, 2015 at 10:15 PM
Why Is Comcast So Bad

Comcast CEO Brian Roberts acknowledged this week that you can’t keep raising prices forever… but that doesn’t mean prices can’t go up next month! Ars Technica flags a report from The Hollywood Reporter that reveals Roberts told a Goldman Sachs telecom conference this week that “you can’t keep raising the price [of cable bundles] forever” because “these things have a way of correcting and balancing out before something draconian happens.” However, Ars notes that Comcast is set to unleash a major round of price hikes in several markets across the U.S., including in Oregon and New Mexico.

MORE COMCAST: FCC complaints reveal the horrors of Comcast data caps

A major study of cable prices by the Federal Communications Commission released last year found that cable prices have been rising at more than double the rate of inflation. Specifically, the FCC found that the compound average annual rate for expanded basic cable services between 1995 and 2013 was 6.1% while the compound average annual growth rate for the CPI over that same period was 2.4%.

The cable industry has often justified these price increases by blaming content providers for raising their royalties for the rights to broadcast their shows. While that is certainly a big part of the equation here, Ars notes that broadband prices have been increasing lately as well, which isn’t surprising since Comcast is likely trying to make up for lost pay TV revenue with increased broadband revenue.




Popular News