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OH, LEO: HINDERY SAYS NFL TV DEAL WILL UP CABLE RATES
Published December 18, 1997
TCI President Leo Hindery said yesterday that the upcoming NFL TV rights contract "will drive up cable rates next year," according to Tim Jones of the CHICAGO TRIBUNE. Hindery said the NFL TV deal "will add more pressure to cable rates, which this year went up an average" of 8.5% nationally. Hindery predicted the resulting rate increase will be "in the mid-single digits." Hindery said that recent record sports contracts put cable operators "in a no- win situation with their customers because the costs are ultimately passed on in the form of higher rates." Hindery: "These numbers are hurting my relationship with my customers. It's everything that I can do to explain that ... it ain't me, buddy" (CHICAGO TRIBUNE, 12/18).