U.S. households are paying more than ever on multichannel video service such as cable and satellite television, according to a recent survey, B&C reports. But the survey finds no evidence of widespread "cord cutting."
The average monthly bill for pay-TV services has jumped 7.2% from a year ago to $78.63, the story notes. From 2010 to 2011, the average monthly bill for subscription TV rose 3%, to $73.35 per month, the piece adds.
Despite the rate increases, 87% of U.S. homes subscribe to some type of multichannel video service, unchanged from 2011 and 2010, the survey from Leichtman Research Group found.
Higher-income households are more likely to subscribe to pay-TV services, with 94% of homes with incomes over $75,000 subscribing to such a service, compared with only 88% of homes with incomes between $30,000 and $75,000. The figure for homes with incomes under $30,000 is 73%.