TITLE

FCC hits cable with rate rollbacks

AUTHOR(S)
Flint, Joe; Brown, Rich
PUB. DATE
April 1993
SOURCE
Broadcasting & Cable;4/5/93, Vol. 123 Issue 14, p6
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Discusses the impact of the Federal Communications Commission's (FCC) vote to cut cable rates by as much as fifteen percent. Estimates of a $1.5 billion loss in subscriber and equipment revenues; The immediate freeze on all cable rates effective April 5, 1993 for the next four months; How the cable industry fared in the stock market after the announcement; Response of Tele-Communications Inc. (TCI); Negative impact of the FCC action. INSET: What it all means, by J.F..
ACCESSION #
9304160331

 

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