Your Google Fiber bill is about to go up

The new boss at Alphabet — parent company of Google Fiber, which debuted its services in Kansas City back in 2012 — is in cost-cutting mode. Other Bets, the part of Alphabet that Google Fiber belongs to, posted operating losses of $3.58 billion last year, against revenue of $809 million, according to Bloomberg.

There are two ways to balance out that ledger: scale back services or drive up the price of the product. Looks like Google Fiber is trying both. 

Earlier this year, many KC residents were informed by the company that the superfast service they’d been waiting for was not going to arrive after all.

Today, the Star reports that customers around the metro have received word from Google Fiber that the price of their plan is about to go up. Those currently paying $120 a month for internet-and-TV service will now pay $140. 

That’s if you’re an existing customer. If you’re a new Google Fiber customer, that same basic package will run you $160 a month. 

Google Fiber attributes the increase on the cost of buying TV programming, according to the Star. Those who pay only for internet service from Google Fiber will not see an increase; the cost remains $70 a month.