Cable TV Set-top box CC-Michael Coghlan

While the cost of TVs, computers and mobile phones have plummeted by 90 percent, cable TV and satellite set-top box rental fees have skyrocketed 185 percent since 1994. The chief regulator at the FCC wants to do something about that, which would save US consumers billions of dollars every year.

The Federal Communications Commission made an announcement Wednesday proposing that cable and satellite subscribers be allowed to select which devices they use to view content. Currently, subscribers must get boxes from their cable provider and this costs consumers an average of $231 a year. Cumulatively, consumers in the U.S. spend an estimated $20 billion a year…

Photo by Michael Coghlan, CC

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