Americans who have a TV or internet subscription with Cox Communications can expect to see their bills increase this month.
The provider, which is the largest private broadband company in America, has confirmed price hikes are coming in January.
Cox declined to provide specifics of the exact fees that will be affected and how much bills may go up by to Cord Cutters News.
Several readers of the outlet have reported the price increase averages about $15 a month for TV customers.
But other subscribers have been left in the dark about how much their bills will increase and which services might be impacted.
It is the latest in a growing list of cable providers, including Comcast and DirecTV, which have upped prices for already cash-strapped customers.
Cable giant Spectrum hiked prices for customers twice in 2024.
In January last year Spectrum raised its low-income plan from $20 to $25 a month.
Cox, which was started in 1962, serves over 7 million homes and businesses across the US
It also raised the price of renting a router from the company from $5 to $7 per month.
Then in July, Spectrum raised the prices of its TV, internet and phone plans.
Spectrum’s internet base price increased by $3 a month for all plans beginning in July.
The provider’s home phone plans and TV Select service also went up by $3 in some states.
Cox acknowledged the upcoming price increases but specified to Cord Cutters News that the precise changes in pricing would be influenced by customers’ locations and the specific services they are utilizing.
The Atlanta-based company, which was started in 1962, serves over 7 million homes and businesses across the US.
Alex Taylor serves as the CEO of Cox Enterprises, overseeing the conglomerate’s three primary subsidiaries – Cox Communications, Cox Automotive, and Cox Media Group. In 2022, these entities collectively generated $22.1 billion in revenue.
The company’s decision to implement price hikes may be linked to various factors, as suggested by industry analysts. These factors could include rising expenses related to labor, equipment, and network maintenance, driven by the current levels of inflation.
Scores of cable providers and streaming services have increased their prices over the last several years in a bid to boost profits amid growing competition.
Cox Communications, which is the largest private broadband company in America, has confirmed price hikes are coming in January
Several customers have reported the price increase averages about $15 a month for TV
Alex Taylor is the CEO of Cox Enterprises, which encapsulates the company’s three major subsidiaries – Cox Communications, Cox Automotive and Cox Media Group
In July last year, Paramount announced it was hiking the price of its streaming service, as it looked to boost falling profits.
The Paramount+ Essential option rose by $2 to $7.99 for new customers – which works out as a huge 33 percent price rise.
It also upped the bundle with Showtime by $1 to $12.99, which took effect in August for both new and existing customers.
Warner Bros. Discovery also angered customers in 2024 by raising the price of its ad-free Max subscription for the second time.
The $1 price rise to $16.99 a month for the ad-free tier took effect in June for new subscribers.
The ‘ultimate’ ad-free option, which offers 4k streaming and the ability to run four accounts at the same time, also went up by $1 to $20.99.
The streamer put up its annual ad-free plan by $20 to $169.99 a year, with the ultimate version increasing to $209.99 a year.
Spotify also announced last year that the cost of its ‘Individual’ ad-free premium subscription plan in the US would go up by $1 a month to $11.99.
