Cable companies have just found a new excuse to raise rates, thanks to an order from the Federal Communications Commission on Friday that uses what might sound like a novel justification: The competition from streaming services.
Before we get to the details of the FCC decision, some history is in order first. The Cable Television Consumer Protection and Competition Act of 1992 allows local regulators to control cable prices in markets with only one cable provider — which is supposed to cap the company from taking advantage of its monopoly position to raise prices sky-high. The law allows, however, for that cable company to petition for the removal of that regulation when an additional cable player arrives on the scene.
BGR Top Deals:
- 10 deals you don’t want to miss on Sunday: $9 Echo Dot, $8 wireless charger, $140 robot vacuum, hidden spy cam, more
- Turn any light switch in your home into a smart switch in 2 seconds with this $23 box
Trending Right Now:
- If you have any of these 17 dangerous apps on your iPhone, delete them right now
- Netflix just gave us a better look at what could be our next Game of Thrones-like obsession
- A deer hunter was killed by the deer he was hunting
Cable companies have found another ridiculous excuse to raise your rates originally appeared on BGR.com on Sun, 27 Oct 2019 at 14:08:39 EDT. Please see our terms for use of feeds.
Read more here:: Boy Genius Report