X

Time Warner example of corporate greed

Posted 11/16/11

To the Editor: How long are we going to continue having Time Warner Cable increase their rates without hesitation? Isn’t anybody out there looking out for us? We just had all our rates increase …

This item is available in full to subscribers.

Please log in to continue

Log in

Time Warner example of corporate greed

Posted

To the Editor:

How long are we going to continue having Time Warner Cable increase their rates without hesitation? Isn’t anybody out there looking out for us?

We just had all our rates increase 7.5% in January 2011. They cried poverty and increases in dealing with the networks. Yet another small increase occurred (because of taxes) somewhere between June’s bill and Octobers.

And now we just received yet another 8% increase within the same year? They must have seen how Netflix did it and said, “what the heck, if they can do it so can we” This time we’re supposed to believe it is because of their significantly increased cost of programming. What a crock!

Don’t forget we also got socked a whopping 16.5% increase in January of 2010! When is this nonsense going to end? I am beginning to understand the reason for some of the protesting going on. This is outright greed. There is no other explanation or words for it. They have to know that seniors haven’t even had a 1% raise in three years.

The same day this slip arrived informing me of all my increases, the Watertown Times had an article in the business section stating that Time Warner’s 3rd quarter earnings had risen sharply by 57%; the largest quarterly growth in several years!

The revenue had risen to over $7 billion dollars! Oh me, oh my, I wonder how that happened?

Time Warner is licensed in our communities to provide these services. Where is the competition? Where is the consumer protection? I sure wish I had someplace else to turn.

We have the Federal Energy Regulatory Commission (FERC) to protect our light bills from going unchecked. Who protects us from the Cable providers?

Tim Donahue

Norwood