Is The FCC About To Change Your Cable Bill?....The agency wants pay-TV providers to justify a shady billing practice. http://www.fool.com/investing/gener...-your-cable-bill.aspx?source=eogyholnk0000001
One of the most frustrating things for cable customers is that the advertised price for monthly service is not what they actually pay each month.The major players including Comcast, Charter Communications (NASDAQ:CHTR), and Time Warner Cable (NYSE:TWC) add extra fees on top of the listed price on a monthly basis. The terms and costs can vary from company to company, but all three of these companies charge something called a broadcast fee. That's a surcharge designed to offset the fees the cable providers pay in order to retransmit the major broadcast networks to their customers.It's hard to dispute that this is a real expense for the pay-TV companies that they are justified in charging their subscribers for. Where it gets dicey is the fact that these are standard monthly surcharges -- not one-time or occasional extra fees -- yet they are almost never included in the advertised monthly price for cable packages.That's where the Federal Communications Commission appears to be taking issue with big cable. The federal agency is looking for justifications from the industry as to why it should allow the practice to continue, Multichannel.com reported.If in wrong section please move and I apologize wasn't sure if this was right spot to post this!!