CHARTER RAISING CABLE TV RATES.Byline: - Daily News BURBANK Burbank, city (1990 pop. 93,643), Los Angeles co., S Calif.; inc. 1911. Tourism and the entertainment industry are central to its economy; several motion-picture studios and television headquarters are here. Burbank's aerospace industry collapsed with the end of the Cold War. - Cable subscribers will be paying more for basic and expanded basic service starting June June: see month. 1, when new rates go into effect. For basic service, monthly rates will climb from $12.21 to $12.84, a 5.2 percent increase. Those on the expanded basic service tier will be paying $25.60 a month, an increase of $2.88. Charter Communications Charter Communications NASDAQ: CHTR is an American company providing cable television, high-speed Internet, and telephone services to more than 5.7 million customers in 29 states. It is the third-largest publicly traded cable operator in the U.S. attributed the price increases to higher programming costs. The City Council was informed of the hikes in basic service rates this week, but concluded that the increase was consistent with Federal Communications Commission Federal Communications Commission (FCC), independent executive agency of the U.S. government established in 1934 to regulate interstate and foreign communications in the public interest. regulations, and not subject to challenge. The city has no jurisdiction over rate increases affecting the expanded basic service tier. |
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