Spectrum to increase cable prices
In November, hikes from about $1 a month to $5 a month will begin.
Spectrum will be increasing costs to consumers starting in a little more than a week.
The rate changes will go into effect on or after November 1, and the increases are planned for all of the company’s markets.
Broadcast TV surcharges will increase from $8.85 to $9.95 per month.
The charge for Spectrum receivers will rise, from $6.99 to $7.50 monthly.
An increase of $54.99 to $59.99 monthly is planned for Spectrum Internet to current customers who subscribe to Spectrum TV.
An increase from $64.99 to $65.99 per month is set for Spectrum Internet to current customers who do not subscribe to Spectrum TV.
There will be no change to package prices of Spectrum TV or Spectrum Voice.
Numerous media outlets are reporting that Spectrum’s parent company, Charter, has written to municipalities a letter that says in part: “Like every business, Charter faces rising costs that require occasional price adjustments.”
The letter says the new prices are “Effective on or after November 1, 2018.”
Spectrum says the price increases are happening in all markets that Spectrum operates.
The company operates in 41 states.
Charter Communications bought Time Warner Cable in 2016.