Mark Holtz
12-31-02, 01:48 PM
Cable TV Rates Jumped 6.3 Percent, FCC Says
WASHINGTON (Reuters) - U.S. cable television service rates soared 6.3 percent in the year ended June 2002 as the number of new subscribers slowed, the Federal Communications Commission said in a report issued on Tuesday.
Of the vast majority of Americans who subscribe to pay television service, about 68.8 million receive it from cable operators. But satellite companies are making inroads, with approximately 18 million subscribers, the FCC said in its annual competition report.
Cable operators added only about 250,000 new subscribers during the 12-month period, compared with the roughly 2 million subscribers who signed up during that time for satellite services provided by EchoStar Communications Corp. and Hughes Electronics' DirecTV service.
Full Story Here (http://story.news.yahoo.com/news?tmpl=story&ncid=802&e=1&cid=599&u=/nm/20021231/media_nm/media_cable_fcc_dc)
WASHINGTON (Reuters) - U.S. cable television service rates soared 6.3 percent in the year ended June 2002 as the number of new subscribers slowed, the Federal Communications Commission said in a report issued on Tuesday.
Of the vast majority of Americans who subscribe to pay television service, about 68.8 million receive it from cable operators. But satellite companies are making inroads, with approximately 18 million subscribers, the FCC said in its annual competition report.
Cable operators added only about 250,000 new subscribers during the 12-month period, compared with the roughly 2 million subscribers who signed up during that time for satellite services provided by EchoStar Communications Corp. and Hughes Electronics' DirecTV service.
Full Story Here (http://story.news.yahoo.com/news?tmpl=story&ncid=802&e=1&cid=599&u=/nm/20021231/media_nm/media_cable_fcc_dc)