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Average Household Now Pays $86 For Cable TV

Average Household Now Pays $86 For Cable TV

MSNBC.com:

If you’re one of those people who complain that there’s nothing to watch on TV today even though you have a gazillion channels, you’re not going to be happy with this news – turns out, you’re paying more for cable.

The monthly rate for pay TV has been rising at an average of 6 percent annually and hit $86 a month last year for basic pay and premium-channel TV, according to a report released Tuesday by market research firm The NPD Group. The uptick in licensing fees – which are the fees cable and satellite providers pay for programs – is driving much of the increase, at a time when consumer household income has hardly budged.

At this rate, NDP estimates consumers will be paying an average of $123 a month in 2015 and $200 a month by 2020.

The study was based on a quarterly electronic survey of 1,000 U.S. households.

Full story here.

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