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Cablevision Proft Triples in 3Q, Plans Rate Hike

The Bethpage, NY-based cable television operator announced this week that its third-quarter profit more than tripled as more subscribers signed up for its digital cable, Internet, and phone plans.

However, it plans to raise video rates an average of 3.7% in 2010.  This increase is slightly higher than the one that went into effect in 2009, but, according to Multichannel News, it is "substantially below" the 21% increase Cablevision rival Verizon implemented for its legacy FiOS TV Premier Package earlier this month.

Associated Press | Multichannel News

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November 4, 2009 in Cablevision , Financial , FiOS , Media , Technology , Television , Verizon | Permalink

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