Walt Disney Chief Executive Robert Iger pointed the finger for high cable subscription rates, the New York Post reports. Iger said regional sports networks are the main culprits, stressing that ESPN is not to blame, the story reports.
ESPN has often been singled out as the reason consumers pay so much for cable, as the network is the most expensive on cable, the story says. ESPN charges $5.15 per household per month.
Iger, speaking at a conference sponsored by Sanford C. Bernstein, said ESPN provides services with its high rates. “If you look at the cost of those channels versus the ratings they deliver, it’s not even close [to ESPN]," Iger said.
Comcast’s SportsNet Washington is the priciest regional sports network, costing $4.02 per month per home. Fox Sports North is the second most expensive at $3.68 per month.