Customers who pay for cable or satellite TV will likely see their bills go up next year.
Several companies, including Time Warner Cable, Comcast, Dish Network, DirecTV and AT&T U-Verse, have announced increases in monthly bills early next year, according to reports.
Customers could pay up to $10 more per month, depending on their provider and the market they live in, the International Business Times says.
Here's a look at how much more customers could be paying in the new year:
- DirecTV and AT&T U-Verse customers could see rates go up $2-8 a month starting Jan. 28, NBC News says.
- Dish Network is pricing its programing bundles between $2-$8 more per month starting Jan. 14, NBC notes.
- Time Warner Cable is bumping up prices as much as $10 a month, reports say. (It is also increasing rates for broadband services and cable modem rentals, among other things.)
- Comcast customers will see prices go up an average of 3.9 percent, NBC says.
(In many cases, customers who subscribed to a promotional service won't see prices go up until their promotional period is over, reports note.)
The main reason you'll be paying more? Higher programming costs, service providers say, and they're just passing on that cost to consumers, according to Fortune.
In an effort to attract viewers who are ditching cable and satellite for Internet streaming services like Netflix, Amazon and Hulu, programmers are spending more to create quality TV series and to obtain the rights to air sporting events, Bloomberg says.
Programmers are passing on those costs to TV providers by charging more to carry their channels, and in turn, some of those costs are being passed on to consumers, reports say.
The International Business Times detailed this more in an article this fall, saying TV's terrible fall has contributed to customers having to pay more for TV service.
TV subscribers on the decline
In a recent survey, Pew Research Center found 24 percent of adults don't subscribe to paid cable of satellite TV service – 15 percent of them qualify as "cord cutters" (they have ditched paid-TV service), while 9 percent have never had cable or satellite service.
Seventy-one percent say paid-TV service is too expensive, so they don't have it, while 64 percent say the availability of TV shows on the Internet and through other sources is why they have cut the cord.