The St. Louis Business Journal recently published an article about how Charter Communications and AT&T U-verse are both planning on raising their rates in the upcoming year.
Charter is making the most significant hikes—it’s basic cable service is going up 25% from $19.99 a month to $24.99.
Charter to Ring in New Year with Price Increases
By Rick Desloge- St. Louis Business Journal
Less than a month after St. Louis-based Charter Communications Inc. excited from bankruptcy, the cable TV and internet firm is preparing to raise customer prices. Charter’s increases will start in January, just ahead one of its main competitors, AT&T’s U-verse, which plans to raise rates starting in February.
Both companies offer packages that combine television, internet and telephone service.
Charter’s biggest percentage rate hike will come for its basic cable TV service – going up 25 percent from $19.99 a month to $24.99. The company also is raising prices for its Internet services, the company said in a statement to the St. Louis Business Journal.
At the same time, Charter will lower the cost of its expanded basic cable TV service from $34 to $32 a month, giving customers who take both basic and expanded cable TV packages a net increase of $3, said John Miller, Charter’s director of Communications. He said that the increases will impact about half of the company’s customers when the price adjustments start rolling out with the first billing cycles in January.
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Please see the January 1, 2009 edition of the St. Louis Business Journal for the full story.