News » Local News

City Council extends Comcast agreement

by

comment
FILE PHOTO
  • File photo

Colorado Springs City Council voted June 27 to extend a franchise agreement with Comcast. The 10-year agreement requires a franchise payment of 3.5 percent of gross revenues the first year, an increase to 4.5 percent within a year, and 5 percent within two years. The old charge was $1.53 a month per subscriber.

Comcast is expected to pass along the increase to subscribers.

The change is expected to bring in several million dollars more for the city, which hasn't announced how it will be spent. Franchise fees cover costs of Channel 18 public access television, over which City Council meetings are broadcast.


Add a comment

Clicky Quantcast