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

How To Prepare Coconut-Dill Salmon With Green Beans and Corn

Post a Comment
Read more »��

Falafel Pita Sandwich

Post a Comment
Read more »��

Khloé Kardashian Finally caught Tristan’s cheating on her with ex

Post a Comment
Read more »��

US, South Korea set to revise bilateral missile treaty

Post a Comment
Read more »��

Durkin's sister-in-law last sold office furniture in 2001 before landing high-paying Tollway job

Post a Comment
Read more »��

How to make Stir-Fried Lettuce And Fried Eggs

Post a Comment
Read more »��

Republican Jewish Coalition demands resignation of Democratic leaders with ties to Farrakhan

Post a Comment
Read more »��

Sausage and Peppers Pasta With Broccoli : Italian Dishes To Try

Post a Comment
Read more »��

Popular posts from this blog

How To Prepare Coconut-Dill Salmon With Green Beans and Corn

  Coconut-Dill Salmon With Green Beans and Corn Time : 40 minutes  A fillet of salmon is foil-wrapped and placed on a hot grill to steam in its own juices after being bathed in a fragrant mixture of coconut cream, lemon, and dill. The fish is served with a light salad of fresh corn, tomatoes, green beans, and a sprinkling of feathery dill. The outcome, either warm or cold, is an excellent low-lift dish for a large gathering or a supper that can be prepared ahead of time. INGREDIENTS Yield : 6 to 8 servings 1(2-pound) salmon fillet (skin on or off) 2tablespoons plus 1 teaspoon olive oil Coarse kosher salt (such as Morton) and black pepper 1cup unsweetened coconut cream or coconut milk 2tablespoons dark brown sugar 1tablespoon sherry vinegar 1teaspoon Dijon mustard 1lemon 1cup chopped fresh dill 8ounces green beans, trimmed and halved crosswise 1cup fresh corn kernels (from 1 to 2 ears corn) 1pint cherry tomatoes, lightly crushed open or sliced into halves PREPARATION Step 1 Hea...
Post a Comment
Read more »��

Falafel Pita Sandwich

  Falafel is generally a scrumptious vegetarian choice, and it makes a good fundamental filling for a pita sandwich. Throw in a few new veggies and tahini sauce and you have a feast. Falafel can be delighted in at room temperature or warmed prior to appreciating. RECIPES    1 tablespoon olive oil 6 pita bread loaves 18 cooked falafel balls, from homemade or store-bought falafel mix 2 medium tomatoes, diced 1 medium cucumber, unpeeled and diced 1 medium white or red onion, thinly sliced 1/4 cup finely chopped fresh parsley 3 sandwich pickles, sliced, optional Tahini sauce, homemade or store-bought, to taste. PREPARATION    STEP 1 Gather the ingredients. STEP 2 Heat a large nonstick skillet or griddle to medium-high heat. Coat with olive oil and heat a pita round for 2 minutes on each side. The pita may begin to brown a little. Repeat with the remaining pita rounds, making sure to cut the top part to reveal the pocket after heating. STEP 3 Stuff each pita round wi...
Post a Comment
Read more »��

Khloé Kardashian Finally caught Tristan’s cheating on her with ex

Pregnant Khloé ‘went Ballistic’ When She Found Out About Tristan’s Cheating EXCLUSIVE: Khloé Kardashian "went ballistic" when she found out her baby daddy Tristan Thompson was fooling around behind her back with an Instagram model‏! What  might be  the outcome?? 
Post a Comment
Read more »��

US, South Korea set to revise bilateral missile treaty

US, South Korea set to revise bilateral missile treaty By  Laura Smith-Spark , North Korea to US (CNN) South Korean President Moon Jae-in and President Donald Trump have agreed "in principle" to revise a bilateral treaty that limits the weight and range of the South's ballistic missiles. The move could give South Korea more independence from the United States to react to the threat from North Korea, analysts say. The two leaders spoke in a phone call Friday. "President Moon and President Trump reaffirmed their view that it is important to apply maximum sanctions and pressure on North Korea so that it refrains from making provocations and comes out to the dialogue table to peacefully resolve its nuclear issue," presidential   spokesman Park Soo-hyun said in a written statement. According to the statement, the two also agreed "in principle on the revision of ...
Post a Comment
Read more »��