Charter Communications announced on its investor conference call that it’s going to raise the rates for its Charter Pipeline cable modem offering because it can.
The St. Louis Post-Dispatch story says:
Charter Communications Inc. is considering raising the price for its high-speed Internet service and eliminating its slowest-speed service to “extract more revenue” from its markets, Chief Executive Carl E. Vogel told analysts Thursday.
“High-speed data has been a wonderful business for us,” Vogel said.
It’s the most profitable product as well as the one requiring the least capital expense for Charter to deploy.
That’s right, little lambs, Charter needs a new pair of woolen socks, so give it up. It’s not passing on increases in its costs. It’s just extracting revenue from you.
Meanwhile, the Noggle household happily continues to pass on any Charter offerings.