Top cable and satellite companies lost a collective 6 million subscribers in 2020 as the trend of ditching expensive traditional service for cheaper online offerings continues.
Charter Spectrum
Charter Communications ($CHTR) is an American telecommunications and media company that offers Internet, home phone and cable television service to consumers under the Spectrum brand. The company also operates cable networks Spectrum News and Spectrum Sports.
Spectrum TV and Internet customers will get an extended free trial of Peacock’s premium tier as part of a new carriage deal.
The platform will offer features that are similar to ones found on Comcast’s X1 or Flex devices.
Consumer Reports found cable companies like Comcast and Spectrum earn $28 billion a year in discretionary hidden fees.
Nearly a dozen senators sent a letter to seven Internet providers urging them to lift broadband data caps that may inhibit online learning.
Those deals could be bad news for cable and satellite companies as more subscribers cut the cord due to the pandemic-induced recession.
Unlike rivals Comcast and AT&T, Charter has remained devoted to traditional cable TV offerings.
Customers of Charter’s pay TV service Spectrum will soon pay more for broadcast networks that they are forced to receive.
Internet companies like Comcast and AT&T are rolling back relief benefits offered during the global health crisis.
Charter has asked the FCC to remove a barrier that prevents the company from imposing data caps on Internet customers.