November 30, 2005
Cable prices to grow up to 6%
WSJ.com - Cable Rates To Increase As Much as 6%Most Cable-TV bills will continue to climb next year, with Comcast Corp., the country's largest cable operator, leading the way with a 6% increase for its most popular service.
But with industry pricing under scrutiny from the federal government and new competition emerging from phone companies, price increases at other large cable companies are expected to be more subdued. subdued. Cablevision Systems Corp., for example, is raising the price of its standard package, which includes channels like CNN, MTV and ESPN, an average of 1.3% to $46.73 a month. Cablevision's customers in the New York City region have been targeted by telecommunications giant Verizon Communications Inc., to be among the first to be offered its new television service.
Meantime, Cox Communications Inc.'s system in northern Virginia, which also is in Verizon's cross hairs, at this point has no plans to raise rates next year, according to a spokesman. Last year that system increased the cost of its most popular package of analog channels by 3.9% to $41.99.
holy cow. Cable just gets more and more expensive.
Posted by TY at November 30, 2005 11:09 PM
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