Cablevision Systems Corp. said Tuesday that it will raise its rates an
average of 5.5 percent beginning in January or February.
The MSO said the rate hike reflects increased programming and operating
costs, inflation and investments in network upgrades and customer service.
The hikes will affect about 3 million Cablevision subscribers in New York,
New Jersey and Connecticut.
Last January, Cablevision raised rates on its New York-area systems by an
average of 7 percent.
The word about Cablevision's impending rate increase comes two weeks after
AT&T Broadband announced that it would lift its rates an average of 5.5
percent in 2002.