200,000 Canadians cancel TV while TV companies increase prices

Cable, satellite TV under threat in Canada as more cut the cord, companies increase prices.

@seanridgeley
Published Wed, Jul 13 2016 12:30 PM CDT   |   Updated Tue, Nov 3 2020 11:59 AM CST

Television provider companies are under threat in Canada, where approximately 200,000 customers cut the cord in 2015, according to a new Canadian Radio-television and Telecommunications Commission (CRTC) report.

200,000 Canadians cancel TV while TV companies increase prices | TweakTown.com

The companies' response to the shift as well has an increased cost of business has been to increase prices to offset the losses, which for now at least, appears to have worked, with revenues declining just 0.1 percent to $8.9 billion after the adjustments. The average TV bill increased from $65.25 in 2014 to $66.08 in 2015.

The CRTC states the cost of business increased by 1.3 percent to $7.2 billion over the one year period. Meanwhile, the industry employed 6.3 less people during that time, down to 27,244 people.

NEWS SOURCE:cbc.ca

Sean has a background in journalism, and has been using that to write about gaming and tech since 2008 - first for Neoseeker, then Rage3D, and now, TweakTown. As News Editor, Sean's job is to supply regular stories on the latest happenings in the tech world. He also writes tweak guides to help you get the most out of your PC games and hardware.

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