Comcast admits OTA antenna television taking business from them

#1
With the number of subscribers dropping, Comcast and Time Warner are offering lower prices for no-frills cable-TV packages in some areas, including Philadelphia, the Philadelphia Inquirer reports. Comcast has reduced the price of a package that does not include the popular ESPN network from $39.99 to $29.99 a month. Comcast officials have said the economy and the growing use of TV antennas, and not the Internet, are the main reasons the cable industry has been losing customers.

Read more: Comcast, Time Warner lowering some rates | Philadelphia Business Journal

Comcast, Time Warner lowering some rates | Philadelphia Business Journal
 

MrPogi

Moderator, , Webmaster of Cache Free TV
Staff member
#2
Comcast has reduced the price of a package that does not include the popular ESPN network from $39.99 to $29.99 a month.
...And as soon as these lower price packages become popular, ESPN's contract terms that require providers to include ESPN on the most popular packages will kick in... raising the package price by $4 or $5 a month.

Can you say "extortion"?
 

dkreichen1968

Moderator
Staff member
#3
Neil Smit, the new president of Comcast's cable operations, said in a conference call with analysts that it appeared people were switching to over-the-air TV broadcasts, not the Internet, when they cut the cable cord.

The nation's TV broadcasters modernized over-the-air signals in 2009 with digital transmissions to sharpen TV picture quality and boost the number of over-the-air channels through multicasting.

Richard Schneider, the president of a seven-year-old company in St. Louis that manufactures over-the-air digital-TV antennas, said November and December were the two biggest months for sales at the privately held Antennas Direct Inc. The antennas cost between $50 and $150 and are sold through Costco, Best Buy, and other retailers.

Customers who canceled their pay-TV service were switching to traditional over-the-air TV and then supplementing those local channels with entertainment content on the Internet, Schneider said.

People thought antenna sales would decline after the broadcasters' transition to digital signals in 2009, Schneider said. "We just added a third factory line, and Best Buy is cleaning us out," he said, insisting, "Something is happening here."

Read more: Comcast cuts cost of entry-level cable package 25 percent | Philadelphia Inquirer | 01/09/2011
Watch sports videos you won't find anywhere else
 

Similar threads

Top