Despite the promise of lower prices with the entry of Verizon into the New York cable market, cable television prices are rising fast, according to a new report from Crain's newspaper.
Cablevision, which has about 3.1 million TV customers in the New York metropolitan area, will increase the price of cable TV by an average of 3.5% next year, according to a Nov. 9 article in the business newspaper. Time Warner Cable, with about 1.1 million New York City customers, is expected to follow with similar rate hikes.
Crain's says that Verizon has increased its TV rates by 12%, to $47.99, since entering the New York metro market two years ago.





