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rayinreverse t1_iyczrm3 wrote

Reply to comment by GaryIWillFindYou in Comcast is rolling out nationwide price hikes starting in December | Don't be surprised if your cable bill goes up next month by chrisdh79

Rates increase with utilities, because the extraction industry can be volatile. A cable company with shitty customer service, an aging infrastructure, and no service change is just raising rates because they can. Keep in mind Comcast annual gross profit for 2020 was $37.334B. They’re raising rates because they’re not increasing profit. Not that they’re losing money or unprofitable. Just didn’t GROW.

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GaryIWillFindYou t1_iyd94sj wrote

Each year negotiations with all major broadcasters gets more and more expensive with more and more affiliate stations being bundled into the contracts, thus increasing expenses. Also the aging infrastructure requires routine upkeep, upgrade, and maintenance. People often forget that these are real costs for providers that do in fact go up every year just like everything else.

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