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Stock impact report

NY Attorney General Questions Cable’s ‘Sports Surcharge’ As Live Games Are On Hold [Forbes]

Altice USA, Inc. Class A (ATUS) 
Last altice usa, inc. class a earnings: 2/12 04:05 pm Check Earnings Report
Company Research Source: Forbes
Statement for cable service on a desktop. Props include reading glasses, coffee cup and pen.... [+]Horizontal photograph. Shot from a high angle looking down. Dramatic lighting with some shadows.GettyIf you read the fine print on your cable or satellite TV bill, you’ll see a plethora of fees and add-on charges on top of the base cost of your package. Among the heftiest of these is the “regional sports surcharge,” which funnels money from subscribers to the various sports leagues, via the sports-related networks that have the live broadcast rights to those events. This isn’t a government-imposed tax or regulatory fee; it’s the cable company passing one of their costs along to their customers to help pay for the content that remains one of the main reasons people keep cable instead of cutting the cord.Now New York State Attorney General Letitia James has called on seven major cable and satellite providers to reduce or eliminate those charges as long as the COVID-19 pandemic is keeping s Show less Read more
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