Conway Corp. cable subscribers will have an uptick in their rates beginning in March.
The adjustment, on the average, is about $5.50 a month, $3.50 for cable and $2 for Internet.
In making his presentation to the Conway Corp. board on Tuesday, Tracy Moore, Manager of Accounting, Compliance and Risk Management, said that since December 2010, retransmission and programming fees for standard and digital products have increased more than $2 million, or 30.5 percent.
“We knew we had to go up on our rates; we have no choice,” Moore said.
“But we are going up the bare minimum.”
The impact of the adjustments will just about meet the increases in costs that, for instance, include higher rates for Fox Sports SW, Fox Cable TV Networks and A&E.
Construction of a head-end facility at $3.2 million will deplete the department’s reserve, Moore said.
Crystal Kemp reported that some channels will be added to the array this year, including the Game Show Network, and TV One, “Where Black Life Unfolds.”
She also said that the “friends” of Conway Corp’s Facebook page grew from 700 to 1,200 during the snow event on Christmas Day and after.
CEO Richie Arnold said the company is working with Connect Arkansas to offer a modem and an internet discount to households that have children eligible for the National School Lunch Program.
In other business, the board heard from Chief Operating Officer Tommy Shackelford that the company had a record year in water sales due to the drought.