AT&T, Constitution, and extra face enchantment to chop charges in absence of stay sports activities

New York Lawyer Basic Letitia James calls AT&T (NYSE: T), Constitution communications (NASDAQ: CHTR), and 5 different satellite tv for pc and cable operators to waive stay sports activities charges as no video games are broadcast amid the COVID-19 pandemic.

In a letter to seven cable and satellite tv for pc firms, the New York AG stated it ought to present monetary help to customers by lowering or eliminating charges because of stay sports activities programming.


In response to the AG, cable and satellite tv for pc TV suppliers proceed to cost and acquire charges for stay sports activities programming and have been reluctant to chop prices on packages that sometimes embrace sporting occasions. James stated cable and satellite tv for pc subscribers pay as much as $ 20 per thirty days in extra charges to have the ability to watch video games.

“At a time when so many New Yorkers have misplaced their jobs and are struggling, it’s fully unfair that cable and satellite tv for pc TV suppliers proceed to cost charges for providers they do not even present. James stated within the press launch. “These firms must step up their efforts and instantly provide you with plans to scale back prices and supply a lot wanted monetary help.

New York AG desires the cable and satellite tv for pc suppliers to provide you with a plan to supply refunds, reductions and reductions in charges and prices. She additionally desires cable and satellite tv for pc firms to supply fee deferrals and waive termination charges, at the very least till stay sport resumes. Different companies to obtain letters from James embrace Altice United States (NYSE: ATUS), Comcast Cable (NASDAQ: CMCSA), DISH Community (NASDAQ: FLAT), Verizon Communications (NYSE: VZ)and RCN.

This text represents the opinion of the author, who could disagree with the “official” advice place of a premium Motley Idiot consulting service. We’re motley! Questioning an funding thesis – even considered one of our personal – helps us all to assume critically about investing and make choices that assist us grow to be smarter, happier, and richer.

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