Time Warner to raise rates for cable and internet

Posted at: 02/21/2014 4:48 PM
Updated at: 02/21/2014 5:10 PM

Time Warner says it will raise rates for cable and internet by six and a half percent. Standard internet service will go up to $58. 

The rate increase will start next month, but they won't impact anyone currently in a promotional plan. 

The company says the increases come as a result of $227 million invested to improve service throughout their coverage area, plus, hikes in the cost to provide their service.

Time Warner serves about 350,000 people locally.