by Christopher Freeburn | December 28, 2012 10:03 am
DirecTV (NASDAQ:DTV) subscribers can expect to pay more for their TV shows in the new year.
On Thursday, the satellite service announced that beginning Feb. 7, it will boost monthly subscription fees by about 4.5%. The hike is a response to an 8% rise in carriage fees demanded by cable channels included in DirecTV’s service, Reuters noted.
In July, more than a dozen cable channels operated by Viacom (NASDAQ:VIAB) went dark on DirecTV for nine days over a disagreement regarding distribution fees demanded by Viacom. While the two companies ultimately resolved the dispute, DirecTV said the temporary loss of popular channels like MTV and Nickelodeon had resulted in some customers switching to rivals, including Dish Network (NASDAQ:DISH), Verizon (NYSE:VZ), Cablevision (NYSE:CVC), Comcast (NASDAQ:CMCSA) and Time Warner Cable (NYSE:TWC).
Earlier this month, Cablevision announced that it will raise monthly fees on its high-speed Internet service by $5, starting in January.
Shares of DirecTV slipped fractionally in Friday morning trading.
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