[sergiosgc]

This comment falls on the fallacy of assuming prices are defined by the cost of goods. They aren't. Prices are defined by what the market can bear. If the market is perfect, prices will fall down to zero Economic Profit[1], and are thus highly correlated with the cost of goods. However, if the market is not perfect, then the low limit of price will be higher than the point of zero Economic Profit.

Alas, the cable TV market is not perfect. Not by a long shot. Too many barriers to entry, too few players for competition.

The end result is that consumers are certainly overpaying for cable TV, be it through the subscription price or the advertisement time price.

[1] http://www.investopedia.com/terms/e/economicprofit.asp