End of the cable monopoly
Today the city announced that for the first time they are introducing competition to cable service in the city. Starting later this year, Verizon is going to roll out high speed Internet and cable to millions of homes in five boroughs.
Our Administration is committed to bringing better service and competitive choices for cable television to the residents of New York City, and the proposed agreement would go a long way toward doing that, said deputy mayor Robert Lieber at a morning news conference. With the introduction of direct competition among cable companies, prices and service levels would reflect real market forces, and New York City customers would be the beneficiaries."
The plan has a few regulatory hoops to jump through, but Verizon expects 30 percent of the city to have cable competition by the end of the year, and all of the city to have a choice by 2014.
--- David Freedlander