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Cablevision Holding Rate Hike to 3.5%

Cablevision Systems Corp. subscribers won’t face much of a rate hike next year, with the MSO capping its increase for basic and digital video services at 3.2%, from an average of $49.69 to $51.28.

Cablevision’s enhanced-basic tier, "family cable," will increase 3.5% from an average of $42.80 to $44.31. That’s lower than the 5% hike operator took last January and below the 7% average for the industry for 2003. The company plans no increase in high-speed data or telephone service.