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You're Paying 40% More For TV Than You Were 5 Years Ago (businessinsider.com)
According to data from Leichtman Research's annual study, pay TV subscriptions keep going up and up. So much so that in the last five years, they have gone up by 40 percent. In 2011, subscribers were paying an average of $73.63 for cable or satellite, but now that average stands at roughly $103. From a BusinessInsider report: And it's not helping subscriber growth. "About 82% of households that use a TV currently subscribe to a pay-TV service," Bruce Leichtman said in a statement. "This is down from where it was five years ago, and similar to the penetration level eleven years ago." The pay-TV industry lost 800,000 last quarter subscribers last quarter, according to the research firm SNL Kagan. Putting that on a personal level, NBCUniversal CEO Steve Burke recently said his own kids don't even pay for TV. Burke has five "millennial" children, ages 19 to 28, and exactly "none" subscribe to cable or satellite, he said at a conference last week.
I've been paying Comcast roughly the same amount of money per month since 2007. Since then, my Internet speeds have gone from 8Mbps to 125Mbps, and I have a whole slew of HD channels I didn't used to get a decade ago. And never mind that I moved to Comcast to consolidate what, before, was phone and DSL from the telco and TV from satellite, and I was paying a lot more for less back in those days.
Oh, and if you take inflation into account, let's just say I'm paying a lot less than I ever have for my TV service. Stupid study is stupid.