Comcast is hiking cable television prices in a handful of markets to compensate for "gas prices, health insurance costs, technology and service improvements," according to multiple reports.
Among the states with markets poised to get hit on Nov. 1: Maryland, Pennsylvania and Tennessee.
We don't doubt that costs are on the rise, but so are Comcast's profits: Last quarter the company's net income shot up 8 percent to $632 million from $588 million in the year-ago period. And at a time when consumers are price sensitive, it seems particularly risky to raise rates.
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