Average Cablevision ’05 Hike: 2.8%11/19/2004 9:13 AM Eastern
Cablevision Systems Corp. said Friday that rates for all levels of service will rise about 2.8% ($1.61 per month) on average in 2005, but the MSO held to its decision to freeze rates for its cable-telephony and high-speed-data packages for the year.
In a prepared statement, Cablevision -- which is adding a number of channels to its “Family Cable” package -- said the increase reflects higher programming costs and increased investments in customer service and network improvements to enhance system reliability.
Programming costs paid by Cablevision to program suppliers have increased approximately 15% this year.
The price increases will take effect in January or February, depending on customers’ locations. For certain parts of the Hudson Valley region of New York state, the increase will take effect in June.
Cablevision said pricing for its iO: Interactive Optimum digital packages will remain constant at an additional $9.95 per month. Pricing for its digital-premium packages -- iO Silver and iO Gold -- will also remain the same in 2005.