Cable Tv: No Rate Hike Yet

YOUR FAVORITE ESOTERIC cable channel will cost a few bucks more--but not until 1999. On Dec. 6, House and Senate negotiators, now putting the final touches on a sweeping revision of telecom laws, agreed to push back cable rate deregulation three years. That could raise average rates 20%, say consumer groups. The Senate had called for immediate deregulation on most cable systems, while the House wanted rates freed altogether in 15 months. The White House ultimately went for an extended version of the House plan, thus delaying any rate hikes until well after the November elections.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.