Cable Providers to Hike Prices as Early as February

Photo Courtesy - Getty Images(NEW YORK) -- TV viewers may have to pay a little more to watch their favorite shows, as cable providers across the U.S. begin to raise prices.

DirecTV customers will see a price hike of around four percent starting Feb. 10.  For customers that are a part of an introductory plan, monthly plans will remain the same, but old customers will be shelling out more money for the cable provider's various plans.  The lowest package will jump from $39.99 to $44.99.

Moreover, Time Warner customers are expected to see a seven percent increase and Cablevision will raise rates to around three percent, according to the TheStreet.com.

DISH Network prices will also hit a high with some customers paying 12 percent more beginning in February.

Copyright 2011 ABC News Radio

Report: Facebook Now Worth $50 Billion after Receiving Investments

Photo Courtesy - Nicholas Kamm/AFP/Getty Images(NEW YORK) -- Facebook's value is now up to $50 billion after receiving two investments worth a combined total of $500 million, The New York Times reported Sunday night.

The social networking site received $450 million from global investment banking and securities firm, Goldman Sachs, and another $50 million from Russian investment firm, Digital Sky Technologies, the Times reported, citing people involved in the deal.

The investments put Facebook's worth at a higher value than Time Warner, Yahoo! and eBay.  They also could push the company towards going public.

Copyright 2011 ABC News Radio