AT&T Jacks Up TV Prices Post Merger After Claiming That Wouldn’t Happen
https://motherboard.vice.com/en_us/article/gy3xv4/atandt-jacks-up-tv-prices-post-merger-after-claiming-that-wouldnt-happen
The ink’s barely dry on AT&T’s $86 billion acquisition of Time Warner. But the company is already jacking up prices for its streaming TV customers, something AT&T repeatedly stated wouldn’t happen during the company’s sales pitch for the controversial deal. AT&T last week informed its DirecTV Now streaming video customers they’ll be paying $5 more to use the service starting in August. “To continue delivering the best possible streaming experience for both new and existing customers, we’re bringing the cost of this service in line with the market—which starts at a $40 price point,” AT&T said in a statement to Cord Cutter News, which first reported the hike.
The problem: AT&T repeatedly claimed that the company’s merger with Time Warner would lower rates, not raise them.