Skip to main content

Verizon Loses 52,000 Pay TV Subscribers

Verizon Loses 52,000 Pay TV Subscribers in Second Quarter


The telecom giant, led by CEO Hans Vestberg, reports its latest financials.

 
Verizon CEO Hans Vestberg
Telecom giant Verizon on Thursday reported that it lost 52,000 net pay TV subscribers for its Fios video service in the second quarter, compared with a loss of 37,000 in the year-ago period and a loss of 53,000 in the first quarter.
Fios competes with cable and satellite TV services. The subscriber losses were "reflecting the ongoing shift from traditional linear video to over-the-top offerings," Verizon said.
The company's broadband service added 28,000 subscribers in the second quarter, compared with 43,000 in the year-ago period.
After its acquisitions of AOL and Yahoo, Verizon created a new division, Oath, which was then expanded further to become Verizon Media Group and encompass all of its media and advertising businesses. For the second quarter, Verizon Media, led by Guru Gowrappan, said its revenue fell 2.9 percent from the year-ago period to $1.8 billion. "Gains in native and mobile advertising continue to be offset by declines in desktop advertising," the company said.
Verizon, led by CEO Hans Vestberg, had for some time planned to launch a live TV streaming service for young wireless users who are cord cutters or cord nevers, but it then decided to instead offer other over-the-top (OTT) services via its platform.
In that vein, the company with its first-quarter earnings announcement unveiled a partnership with Google's YouTube TV streaming service, serving as a reseller. The companies said Verizon would "also offer unique, high-value YouTube TV promotions to customers across platforms" including Fios TV and Verizon's wireless services.
Verizon management has in the past reiterated that the company wasn't eyeing any major content mergers or acquisitions to increase scale against rival phone and digital players.


skunty empire
Labels:

Comments

Post a Comment

comments below

TRENDING

Navy SEAL dies after weekend training accident in Virginia

Post a Comment
Read more »��

Marinated (juicy) Grilled Pork Chops

Post a Comment
Read more »��

Silken Tofu With Brothy Thai Curry and Herbs

Post a Comment
Read more »��

Tasty Baileys Toast

Post a Comment
Read more »��

Popular Rapper Vic Mensa was caught with drugs at Dulles Airport Today

Post a Comment
Read more »��

Rice and Skillet Chicken With Anchovies and Olives

Post a Comment
Read more »��

wixra fashion for your clothes shopping

Post a Comment
Read more »��

The Chinese pork Grill

Post a Comment
Read more »��

Popular posts from this blog

Navy SEAL dies after weekend training accident in Virginia

Navy SEAL dies after weekend training accident in Virginia By  Joshua Rhett Miller December 8, 2021     Updated Nine SEALs died in training mishaps between 2013 and 2016, according to Task & Purpose. Getty Images/iStockphoto A Navy SEAL commanding officer died Tuesday from injuries sustained during a weekend training session, military officials said. Cmdr. Brian Micheal Bourgeois, 43, was hurt Saturday during a “fast-rope training evolution” from a helicopter in Virginia Beach, Virginia, according to a statement released Wednesday by Naval Special Warfare Command. Bourgeois, who was the commanding officer of SEAL Team 8, later died at a hospital in Norfolk. “Initial indications show that the tragedy occurred during a fast-rope training evolution,” Lt. Cmdr. Kara Handley, spokeswoman for Naval Special Warfare Command, told The Post in an email. “There is an ongoing command and safety investigation into the incident, and we will release those finding...
Post a Comment
Read more »��

Marinated (juicy) Grilled Pork Chops

  Marinated (juicy) Grilled Pork Chops Prep: 15 mins Cook: 15 mins Total: 30 mins Servings: 4 to 6 servings These barbecued pork (chops) cleaves are marinated in a combination of Worcestershire and soy sauces, mustard, flavors, and different fixings. The tart marinade makes for succulent, delightful barbecued slashes. Plan to marinate the slashes for three to six hours for the best character. For best flavor, utilize bone-in focus cut pork flank cleaves. Boneless slashes might be utilized for the formula too. On the other hand, attempt the marinade with bone-in or boneless nation style ribs. Any lean cut of pork you would cook on the barbecue might be marinated. Serve these pork hacks with your number one potato salad and cut new vegetables for a paramount family picnic. INGREDIENTS   4 to 6 center-cut, bone-in loin pork chops, about 1-inch thick. 1/4 cup low-sodium soy sauce or tamari. 3 tablespoons Worcestershire sauce. 2 tablespoons vegetable oil. 1 tablespoon apple cider v...
Post a Comment
Read more »��

Silken Tofu With Brothy Thai Curry and Herbs

Sconty empire  A jarred red curry paste is the central flavor of this wonderfully restorative and nourishing broth. Coconut milk lends a subtle creaminess, and the cherry tomatoes become bright little jammy bursts. You can use fresh tomatoes when in season, but canned tomatoes do just as well. Ladle the piping hot broth over seasoned tofu pieces and fresh herbs: The delicate silken tofu used here will absorb big flavors from the surrounding liquid. RECIPES 2   (14-ounce) packages silken tofu, drained 2   tablespoons neutral oil, such as grapeseed 2   shallots, peeled and minced 3   garlic cloves, peeled and sliced 1   (1-inch) piece ginger, scrubbed and grated 3   tablespoons red curry paste 1   (14-ounce) can cherry tomatoes or fresh cherry tomatoes 1   quart vegetable stock 1   (13.5-ounce) can full-fat coconut milk   Salt ¼   cup soy sauce   Freshly ground black pepper 1 ½   cups mixed fresh herbs, such as cilantro...
Post a Comment
Read more »��

Tasty Baileys Toast

 Baileys French Toast Prep: 10 mins Cook: 20 mins Total: 30 mins Servings: 3 servings Yield: 6 slices      Baileys French toast is made of fleecy, sweet challah bread absorbed a Baileys-imbued egg wash and finished off with a decadent  chocolate and Baileys sauce. It's not difficult to make, and the Irish cream offers such an excess of flavor that you scarcely need to add some other fixings. Challah or brioche bread turns out best for this formula since they are thick, rich, and as of now have extraordinary flavor. Be that as it may, you can utilize one more bread of your decision. More slender, less durable bread will require less time absorbing the egg wash and will have a more limited cooking time. This French toast can be served any season. It's incredible for Christmas morning or St. Patrick's Day, but at the same time it's flavorful on an end of the week or served for a springtime early lunch. It can without much of a stretch be multiplied or significantly...
Post a Comment
Read more »��