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Page Two <br />The Star Tribune, for example, indicated that "basic" cable rates would <br />innediately be lowered by ten percent. Since that article, the Cable <br />Commission office has received numerous telephone calls asking how much <br />the cable customer should deduct from their \pril 1993 cable bill* The <br />fact is, that at this time they can actually subtract nothing! In ad­ <br />dition to that, when the regulation is implemented, I think that the <br />cable subscriber will probably see a credit to their monthly bill, <br />rather than having them deduct some dollar amount from their payment. <br />The Cable Commission's attorney has infoznoed us that, even though <br />this is a very positive and substantial action by the FCC, the amount <br />and effective date of "basic" cable rate reduction, is yet to be deter­ <br />mined. This could even be influenced by a lawsuit that's bcxng dis­ <br />cussed in the cable industry, against the FCC's interpretation of the <br />action by Congress. In the meantime, however, the FCC has frozen cable <br />rates for a 120 day period that went into effect on April 5, 1993. <br />The Cable Commission has some significant decisions to make, once <br />the information contained in the FCC's Report and order has been offi­ <br />cially published and studied by both our staff and legal counsel. As <br />always, we will keep you abreast of any changes or final action that <br />the Cable Commission may take, regarding the new FCC rules on sub­ <br />scriber services and monthly rate charges I believe that we must look <br />■t this as a significant success, but continue to keep the results in <br />perspective with their date of enforcement.