Rogers raising their prices
Old 02-19-2009, 09:09 AM   #1 (permalink)
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Default Rogers raising their prices

Of course!!!! And remember, they're holding YOUR best interests at heart in the TSN2 debacle.

Quote:
Cable giant's TV unit takes $294 million charge as ad sales slump

Rogers Communications Inc., which yesterday posted a $138 million fourth-quarter loss, is again raising rates for residential cable and high-speed Internet services as customers scale back spending.

The cable and telecommunications giant recently mailed customers a card detailing residential rates, effective March 1.

Rates will rise between 3 and 9 per cent for Rogers' high-speed Internet services, with the exception of its $99.95 per month "Extreme Plus" tier. Several cable TV packages will also see prices increase, including a 5 per cent hike for basic cable services to $29.99 per month.

Prices for Rogers home phone, raised last year through a 30 per cent increase to a "system access " fee charged to subscribers, will remain unchanged.

The latest increases are necessary to "ensure continued investment in our network and programming" and to address "increased costs like those from programming providers, " Rogers spokesperson Nancy Cottenden said.

The changes come as Rogers feels the impact of a slowing Ontario economy on its Internet and home phone businesses.

Rogers added just 40,000 new home phone customers in the fourth quarter compared with 65,000 net additions in the same period last year. Executives blamed a slowing economy and increased efforts by Bell Canada Inc. to win back customers with special promotions and competitive rates.

Nadir Mohamed, chief operating officer of Rogers' communications division and a leading candidate to replace the late Ted Rogers as the company's chief executive, said sales were also affected by a slowdown in Ontario's housing sector.

"Consumers are generally much more cautious," Mohamed told analysts during a conference call yesterday. "People are moving residences less and those are important sales points for us."

Rogers posted a fourth-quarter loss of $138 million, or 22 cents a share, on revenue of $2.9 billion. That included a $294 million charge related to the company's conventional television business, which has been hurt by steep declines in spending by advertisers.

By contrast, Rogers earned $254 million, or 40 cents a share, in the year-earlier period when sales totalled $2.7 billion. Rogers nevertheless increased its annual dividend yesterday to $1.16 from $1.
TheStar.com | Business | Rogers hikes Internet and cable fees
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Old 02-19-2009, 09:16 AM   #2 (permalink)
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They're losing money so they need to raise prices

curious How much does it cost per month to have Rogers cable or DSL?
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Old 02-19-2009, 09:20 AM   #3 (permalink)
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They're losing money mostly due on advertising losses.

It's funny though, because the first thing that comes to mind when losses are announced is to raise prices. Well, that can easily drive customers away. Why not lower prices to ATTRACT customers to your service and undercut the competition that way? Why not attract people away from starchoice, Bell et al? No, no, raising prices always seems to be the answer to problems.
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Old 02-19-2009, 09:25 AM   #4 (permalink)
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Quote:
Originally Posted by Claudius View Post
They're losing money mostly due on advertising losses.
that's funny because i've yet to see a rogers commercial that doesn't have me swearing under my breath. Remember the "dad" ones... or the ones now with the teenagers going off to univresity.... or the fucking shithead twits talking about what they want for christmas.

rogers advertising is quite possibly the worst i have ever seen.

I hate Rogers with a passion.
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Old 02-19-2009, 09:50 AM   #5 (permalink)
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Quote:
Originally Posted by Claudius View Post
They're losing money mostly due on advertising losses.

It's funny though, because the first thing that comes to mind when losses are announced is to raise prices. Well, that can easily drive customers away. Why not lower prices to ATTRACT customers to your service and undercut the competition that way? Why not attract people away from starchoice, Bell et al? No, no, raising prices always seems to be the answer to problems.
+1

we need to circulate money, for our economy to get back up to its feet. Lowering cost and reduce revenue spendings is the best way.
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Old 02-19-2009, 02:48 PM   #6 (permalink)
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Rogers makes me feel like HURTING myself! #$*@%!!!!!

Ah - thank goodness for the pinkness - I'm calm now.
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Old 02-19-2009, 02:52 PM   #7 (permalink)
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Quote:
Originally Posted by Claudius View Post
They're losing money mostly due on advertising losses.

It's funny though, because the first thing that comes to mind when losses are announced is to raise prices. Well, that can easily drive customers away. Why not lower prices to ATTRACT customers to your service and undercut the competition that way? Why not attract people away from starchoice, Bell et al? No, no, raising prices always seems to be the answer to problems.
Because the market is a more Oligopoly/Monopoly then perfect competition. Their are no customers to lure away. For the most part, they have Rogers, or they just don't have cable/satellite television.
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