Cablevision Announces Modest 2007 Hikes

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Cablevision Systems announced its planned service-rate increases for 2007 Friday and, for the second consecutive year, its average rate hike came in under the inflation rate.

The MSO said rates for its business and residential services will rise an average of 1.1% in 2007, or less than $1 per month, compared with the October national inflation rate of about 1.3% and 2.8% for the New York metropolitan area, Cablevision’s service area.

The company will not increase charges for Family Cable (Cablevision’s term for expanded basic), its Optimum Online high-speed-Internet or its Optimum Voice voice-over-Internet-protocol telephony service. This will be the fourth year in a row that Cablevision has maintained rates for Optimum Online and Optimum Voice.

Increases will mainly affect its regulated services like broadcast basic and charges for equipment.

The rate increases will go into effect in January and February in most Cablevision markets -- the normal billing cycle for increases. Customers in the Hudson Valley region of New York state will see the increases take effect in June.

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