JACKSON, Miss.--Many of you in rural Mississippi get your cable channels via Direct TV and if you live in town you get it the old fashioned way. Both of those may be going up soon. An analyst for FOX Business, Adam Shapiro, reports that chief financial officers were gathered at an investor's conference Wednesday, where rate hikes were discussed.
"The CFO from Direct TV, the second largest distributor in the country, said they can no longer afford to not raise rates," he said.
The reason-their cost has gone up eight percent. That's the cost to purchase programming from all the cable networks. The company has only raised rates by 4.5 percent.
"Then you had Time-Warner Cable saying basically the same thing. Their costs went up 32 percent, but they only raised rates 16 percent."
A survey from the website Americaconnects.net found the average package for a Mississippi cable customer is about $20 higher than the national average at about $91.