New York City is teeming with cable companies, but most of them are struggling to keep up with demand.
The New York cable system is teetering on the brink of bankruptcy, and its cable companies are fighting to keep the system afloat.
A New York state judge ruled on Monday that the cable companies can’t close down as they seek to stay afloat.
The decision means the city’s cable systems can continue operating, but cable companies won’t be able to make money.
The cable companies were allowed to continue to make payments on the $1.3 billion contract for the New York subway system to run trains and buses and to build subway stations.
But the companies are also facing a series of problems.
The company that runs the system, Consolidated Edison, said it would have to stop making payments on that $1 billion contract, which was signed in 2016.
It also said it may have to reduce the rate it charges its customers to make up for losses on the contract.
Comcast, a cable company owned by Time Warner Cable, said on Monday it’s in the midst of a bankruptcy reorganization and it is not sure when it will start making payments.
The ruling means that Consolidated will be forced to pay a large sum of money to its competitors, which it says will be paid to them over time.
It’s not the first time a cable operator has had to pay millions of dollars to its rivals.
Last year, Charter Communications agreed to pay more than $1 million to rival AT&T for the right to operate in New York, a deal that had been in place since 2007.
Charter had originally planned to pay AT&s claim that it was owed about $300 million.
New York’s other cable companies had already paid some of that debt.