FCC to slash broadband subsidy payouts in May, Washington Post reports

The FCC plans to cut its broadband subsidy payout to $14 per month, under half of the current rate, in May, leaving many low-income families facing possible price hikes, The Washington Post’s Tony Romm reports. AT&T (T), Verizon (VZ), Charter (CHTR), Comcast (CMCSA), and others have yet to detail how they will handle the matter if the cuts kick in.