the cable itself cannot change the levels, its just a term thats used a lot by the mags,
a cable could however prevent signal degregation, which could alter the exact colour code that reaches the tv.
e.g
for Pixel A a black signal is sent (call it a signal of 0000)
However one of those pulses degrades in transmission so the received colour is 0010 (this may be a bright red),
but the error correction tech (Bravia engine etc) will pick up that the surrounding area (pixels B,c....) is black and return the sgnal to somewhere near black, but possibly not to 0000. hence the grey clour and 'better blacks' from some cables.
(the bit steams above are just for explaination)
better cabling helps prevent this degregation, however as i said before whether you can actually tell or not is down to the viewer, kit, source, how clean the powersupply is etc etc
a cable could however prevent signal degregation, which could alter the exact colour code that reaches the tv.
e.g
for Pixel A a black signal is sent (call it a signal of 0000)
However one of those pulses degrades in transmission so the received colour is 0010 (this may be a bright red),
but the error correction tech (Bravia engine etc) will pick up that the surrounding area (pixels B,c....) is black and return the sgnal to somewhere near black, but possibly not to 0000. hence the grey clour and 'better blacks' from some cables.
(the bit steams above are just for explaination)
better cabling helps prevent this degregation, however as i said before whether you can actually tell or not is down to the viewer, kit, source, how clean the powersupply is etc etc