If you have money in a cable company or phone company with big cable operations, you may want to consider getting out now. By all measures, the new man of the people may have his sites set on the biggest rip-off in today’s consumer market.
Since 1996, cable prices have surged 77% - double the rate of inflation. And it’s hard to believe that the Obama administration is going to let further price gouging go unpunished.
The FCC is already conducting a probe into shady price hikes around the impending mandatory switch to digital signals on Feb 17th. The investigation is sparked by complaints of higher prices and fewer channels.
The FCC sent letters to Comcast, Time Warner Cable, Bend Cable Communications, Brighthouse Networks, Cablevision, Charter Communications, Cox Communications, GCI, Harron Entertainment, RCN and Suddenlink Communications.
In a way, the timing couldn’t be worse for the cable industry….
There’s a groundswell of opposition to cable
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