Supply and demand? That old economics rule doesn't seem to apply to the cable industry. More people are cutting their cable services and prices for cable TV service are expected to keep rising.
Cable TV service is expected to rise from today's average of $86 a month to more than $100 by 2015 -- $200 by 2020, according to a new report from analyst firm NPD. Meanwhile, 3.58 million U.S. cable subscribers will cancel their service, an increase of 35 percent over cord cutters in 2011, reports Convergence Consulting in its annual study "The Battle for the American Couch Potato."
What's happening? The licensing fees for movies and shows continues to rise and the cable companies pass the cost along to you.
If you've had enough, you can quit cable. The transition may be tough for ardent HBO fans, but others may find they can get as much entertainment as they want for less than half the cost of cable. I know, I did it and that's with a houseful of teenagers.
