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                            <title><![CDATA[ Latest from Next TV in Interest-rates ]]></title>
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        <description><![CDATA[ All the latest interest-rates content from the Next TV team ]]></description>
                                    <lastBuildDate>Wed, 16 Dec 2015 21:45:00 +0000</lastBuildDate>
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                                                            <title><![CDATA[ Cable Stocks Up As Fed Raises Rates ]]></title>
                                                                                                                                                                                                <link>https://www.nexttv.com/news/cable-stocks-fed-raises-rates-396039</link>
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                            <![CDATA[ Cable Stocks Up As Fed Raises Rates ]]>
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                                                                        <pubDate>Wed, 16 Dec 2015 21:45:00 +0000</pubDate>                                                                                                                                                                                                                                <category><![CDATA[Business]]></category>
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                                                                                                                    <dc:creator><![CDATA[ Mike Farrell ]]></dc:creator>                                                                                                                                                                                                                                                                    <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/EMT5xfrqbjQFxtNRs7mT8a-1280-80.jpg">
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                                <figure class="van-image-figure pull-" data-bordeaux-image-check ><div class='image-full-width-wrapper'><div class='image-widthsetter' ><p class="vanilla-image-block" style="padding-top:56.25%;"><img id="EMT5xfrqbjQFxtNRs7mT8a" name="" alt="" src="https://cdn.mos.cms.futurecdn.net/EMT5xfrqbjQFxtNRs7mT8a.jpg" mos="https://cdn.mos.cms.futurecdn.net/EMT5xfrqbjQFxtNRs7mT8a.jpg" align="" fullscreen="" width="" height="" attribution="" endorsement="" class="pull-"></p></div></div></figure><p>Cable stocks rode the rising tide of the overall market Wednesday, as the Dow Jones Industrial Average gained 224 points after the Federal Reserve raised short-term interest rates for the first time in seven years.</p><p>The move was <a href="http://money.cnn.com/2015/12/16/news/economy/federal-reserve-interest-rate-hike/index.html">widely anticipated</a>—it increased its benchmark federal funds rate, which had been held near zero since December 2008, a quarter-percentage-point to between 0.25% and 0.50% from the previous range of 0% to 0.25%. The agency said it expects to raise rates gradually as it sees how the economy performs.</p><p>Cable stocks fared well with the rest of the market. Leading the charge was Liberty Broadband, the tracking stock that holds Liberty Media’s interest in Charter Communications, up 3.7%  ($1.84) to $51.52 per share, followed by Cablevision Systems, up 3.1% (94 cents) to $31.22; Liberty Global, up 2.9% ($1.15) to $41.15; Charter, up 2.8% ($5.06) to $183.31; and Time Warner Cable, up 2.2% ($3.98) to $185.06 per share. Comcast rounded out the sector with a 1.6% gain (95 cents) to $58.70 per share.</p><p>On the programming side, the gains hovered in the 2% range – Scripps Networks Interactive was up 2.7% ($1.44) to $55.03; MSG Networks rose 2.5% (50 cents) to $20.73; Discovery rose 2.5% (66 cents) to $27.18;  21st Century Fox rose 2.1% (56 cents) to $27.90; and Time Warner Inc. rose 1.8% to $65.90 per share. Rounding out the programmers were Disney, up 1.5% ($1.63) to $113.79; CBS, up 1.4% (67 cents) to $47.50; and Viacom, up 1.3% (53 cents) to $41.51. AMC Networks, which is moving through a <a href="https://www.nexttv.com/news/aca-nctc-chafe-amc-tactics-396030" data-original-url="https://www.multichannel.com/news/aca-nctc-chafe-amc-tactics-396030">potentially contentious carriage battle</a> with the National Cable Television Cooperative, fell about 1% (59 cents) to $77.87 per share. </p>
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