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Lack of Cable Competition Costs Americans $22 Million Daily
Three leading telecommunications experts today said that expanded competition for cable/video services could save consumers $22 million a day, as well as delivering a wide range of other social and economic benefits for individuals and the communities in which they live. Now that is a bunch of money!
Participating in a New Millennium Research Council (NMRC) panel, the scholars and industry experts made their comments after independently studying how reformed franchising requirements will change the video service market. The panel concluded that further delay in cable/video franchise reform could cost consumers and communities $8.2 billion in the first year and $35 billion over five years. The experts also cited data from the American Consumer Institute showing that consumers in Texas? newly competitive markets are enjoying lower prices from both the new providers and the incumbent cable company, ranging between $22.30 and $26.83 in monthly savings.
Posted by | Wed, May 03, 2006 - 08:46 AM
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