Cablevision Announces 2.3 Percent rate Hike for Video Subs

Nov 18, 2005  •  Post A Comment

Cablevision Systems said Friday that it will raise video rates by an average of 2.3 percent in 2006 but was holding steady the prices it charges for its telephone and high-speed data services.

It was the third year in a row that the Bethpage, N.Y.-based cable operator held the price of its popular phone and broadband services steady. A year ago Cablevision raised basic-video rates by an average of 2.8 percent. The 2006 increase represents a hike of about $1.45 per month, the company said.

The slightly smaller rate hike reflected a somewhat smaller increase in programming fees this year, the company said. The fees the cable operator pays to programmers rose 12 percent this year, compared with a 15 percent increase a year ago.

Cablevision said many of its 3 million subscribers will begin seeing the rate increases reflected in cable bills sent out in January or February, while selected areas of New York State’s Hudson Valley will see the price adjustment reflected in the June 2006 billing cycle.