Cablevision is capitalizing on the "cord cutter" trend with new Internet packages targeted at those who don't want pay TV.

The company's new "Cord Cutter Package" is basically Cablevision's Optimum Online Ultra 50 Internet service with a digital antenna thrown in. This way, you can stream content online (Netflix, Hulu, Amazon Prime) and use the tuner to tap into broadcast channels on your TV.

Optimum Online Ultra 50 offers speeds of up to 50 Mbps download and up to 25 Mbps upload. The package also offers access to Optimum's Wi-Fi hotspots, all for about $50 per month ($44.90 per month, plus $4.95 per month modem lease fee and fees/taxes).

The less pricey "everyday low price" package comes with Optimum Online Internet Basics (speeds up to 5Mbps), Cablevision's Freewheel all-Wi-Fi voice service (which requires a Moto G smartphone), a free digital antenna, and the same unlimited Wi-Fi access for $34.90 per month, plus the modem lease fee and taxes.

With both services, you can also subscribe to HBO NOW, the new standalone, Web-based offering from the channel, for an extra $15 per month.

"As a connectivity company, Cablevision is reimagining its relationship with its customers," COO Kristin Dolan said in a statement. "Our new 'cord cutter' packages take a modern approach to traditional triple-product bundles and provide real alternatives that fit new consumer lifestyles."

Competition for the cord cutting generation is beginning to heat up. Earlier this year, Dish Network launched Sling TV, which offers online access to channels like ESPN, AMC, Food Network, and more for $20 per month.

Verizon, meanwhile, is prepping an Internet TV service. It also recently announced new Custom TV bundles, which allow customers to choose a batch of channels they actually want, instead of paying for 300+ channels they rarely watch. Not everyone is on board with the plan, though: ESPN reportedly claimed Verizon's service violates existing contracts.

Further Reading

Home Entertainment Reviews