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Analyst Declares Cable Customers Will Pay $50/Month Of Their Cable Bill for Sports in 2013

Phillip Dampier December 27, 2012 Consumer News, Video No Comments

sharing costs of sports

The largest share of your cable bill in 2013 will go to cover just one genre of television programming: sports.

Leo Hindery, Intermedia’s managing partner, claims $50 of your monthly cable bill will cover networks like ESPN, YES, NFL Network, and a wide range of national and regional sports networks, whether you watch them or not.

Appearing on Bloomberg TV’s “Bloomberg Surveillance,” Hindery says there is no end in sight for sports programming-related rate hikes. They have increased 16% in just the past two years.

Hindery noted in the beginning sports cable networks largely covered national, pro teams. But the newest wave of networks cover collegiate sports, at prices nearly as high as ESPN charges its cable affiliates. With just about every major sport now sporting its own cable network, the possibilities and the accompanying rate increases are endless.

“Next year, we will pay directly or indirectly something on the average of $50 [a month] for sports which we didn’t ask for,” Hindery said. “It’s not a-la-carte, it is part of the bundle.”  (4 minutes)

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