ISP’s are right….net neutrality is destroying their business

Today, net neutrality is being argued in court. The FCC will claim that they have the authority to define ISP’s are common carriers under Title II’s definition of “telecommunications services.” ISP’s, on the other hand, will argue that the FCC has no such power.

For months, ISP’s have spent many millions trying to convince the public and government that net neutrality would destroy the broadband business. ISP’s have told us that if net neutrality was put into law, super secret new taxes would jump onto consumers bills, network investment would suddenly fall off a cliff and their financial bottom lines would suffer significantly.

Almost a year after net neutrality was successful put in place by the FCC, we have seen no secret taxes and network investment continues to break new ground with record amounts of money being spent during spectrum auctions and/or mergers.

To be fair, I am guessing that the ISP’s are seeing drastic decreases in profits and revenues.

Let’s ask Cable One CEO Thomas Might how his business is doing after net neutrality was introduced:

Speaking at the Wells Fargo Securities Technology, Media & Telecom conference in New York, Might said that operating cash flow margins for “product B” (high-speed Internet) are in the 50 percent range. “It’s new math,” Might said. – FierceCable

But frankly, even those absurd financial numbers are not enough. Cable One has recently announced ANOTHER price increase for broadband customers, this time charging consumers $5 per month for simply using the internet.

Maybe we are simply focusing on one company. Let’s see how the broadband business services are dealing with net neutrality.

AT&T is also rumored to have more than $10 billion ready to go during the next spectrum auction.

Honestly, can someone explain to me how these companies are able to work under such atrocious conditions?