06/03/2015 06:11 pm ET | Updated Jun 03, 2015

The FCC Just Made It Easier To Raise Your Cable Rates


The Federal Communications Commission has quietly approved a proposal that could make it easier for major cable providers like Comcast to raise prices.

The decision is a rare win at the FCC for the cable industry, which has suffered a series of losses on net neutrality and other major issues under Chairman Tom Wheeler, himself a former cable lobbyist.

The FCC voted 3-to-2 Tuesday to limit the power of state and local regulators over cable TV packages and prices, according to agency officials. The agency declared that it will assume that there is "effective competition" for cable services nationwide.

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