Television reform? Bipartisan senators agree your cable bill is too much

I won’t hold my breath here, but my cable bill is definitely expensive. For analog cable, I pay a lousy $54 a month to Time Warner and that’s up three dollars and change due to some “fees”. This has been going on every year for the last four years I’ve lived here.
Strangely enough, in other parts of the nation where there is fierce competition between FiOS TV and cable television. This forced Charter Communications to offer Internet and cable for $50 a month. Yes, that’s BOTH.

“There is only head-to-head competition in less than two percent of America,” said Senator Gordon Smith (R-OR). He’s right, and one of the biggest barriers to competition in the cable market is franchising rules — the regulatory system that allows local governments to set the terms and conditions for businesses to enter the video market.

I won’t hold my breath since in the South, things hardly ever go against big businesses due to the good ole boy networks, but the fact that consumers are paying on average, $8.4 billion a year due to franchise regulations and $1.7 billiion in “dead-weight loss” is ridiculous. What’s most amusing is that the high prices we pay, don’t create more jobs. They actually just line executive bonuses year after year. Good thing that I’m looking into dropping my cable service for something better.
Via TechNewsWorld

  • “I won’t hold my breath since in the South, things hardly ever go against big businesses due to the good ole boy networks”
    Actually from what I’ve heard, most large companies try to having their lawsuits heard in the South because juries are notorious for awarding large payouts. But I guess that’s a little different than the topic at hand.

  • “I won’t hold my breath since in the South, things hardly ever go against big businesses due to the good ole boy networks”
    Actually from what I’ve heard, most large companies try to having their lawsuits heard in the South because juries are notorious for awarding large payouts. But I guess that’s a little different than the topic at hand.