Minnesotans who get their TV and internet through Spectrum will see their monthly rates increase beginning in November, according to multiple reports.
Spectrum, which operates nationally under parent company Charter Communications, plans to roll out the price increases nationwide, with the maximum increase on a subscriber's bill rising by $7.61 a month, or $91.32 more per year.
Here are the price increases customers can expect:
- Broadcast TV surcharge: $8.85 to $9.95/month.
- Spectrum receiver fee: $6.99 to $7.50/month.
- Internet: $54.99 to $59.99/month for customers who subscribe to Spectrum TV.
- Internet: $64.99 to $65.99/month for customers who don't subscribe to Spectrum TV.
Spectrum defended the increases, saying they're a reflection of faster internet speeds and an investment in quality and reliability.
Spectrum serves 26 million customers in the United States, and is available in 150 cities across Minnesota.
Traditional cable providers are facing challenges from so-called "cord cutters" who are canceling their cable packages in favor of cheaper streaming TV services like Sling and PlayStation Vue, or streamed content from the likes of Netflix, Hulu and Amazon.
But Kim Komando reports that it's not just for television that users are cutting the cord, but also with broadband too. It notes that a rising number of Americans are canceling their broadband subscriptions, choosing instead to rely on cellphone data for their internet access.