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

Felicity Cloake’s hot cross buns recipe

Post a Comment
Read more »��

Stormy Daniels seeks Trump testimony on her sex claims

Post a Comment
Read more »��

How To Cook Spaghetti With Fresh Tomato and Basil Sauce

Post a Comment
Read more »��

Senior Lawyer Rajeev Dhavan Quits Practice, Cites 'Humiliation' In Court

Post a Comment
Read more »��

Royal wedding: Details of Harry and Meghan's cake revealed

Post a Comment
Read more »��

How to make Stir-Fried Lettuce And Fried Eggs

Post a Comment
Read more »��

SEE How Bobrisky Passionately Kisses Tonto Dikeh

Post a Comment
Read more »��

Mariah Carey finally goes Public With Her Bipolar Disorder Diagnosis

Post a Comment
Read more »��

Popular posts from this blog

Felicity Cloake’s hot cross buns recipe

New post Felicity Cloake’s hot cross buns recipe Felicity Cloake’s step-by-step approach to the quintessential Easter treat fun of making your own. They may take some time to prep but are all part of the pre-Easter ritual. Prep 3 hr Bake 25 min Makes 16 200ml milk , plus a little extra for glazing 3 cardamom pods 1 cinnamon stick 2 cloves ¼ tsp grated nutmeg 1 pinch saffron 450g strong white flour 7g sachet fast-action yeast 100g cold butter 50g golden caster sugar , plus 1 tbsp extra for the syrup ½ tsp salt ½ tsp ground ginger 3 eggs 150g currants 50g mixed peel 3 tbsp plain flour 1 Infuse the milk Pour the milk into a small pan. Squash the cardamom pods with the back of a knife, then add to the milk with the cinnamon, cloves, nutmeg and saffron. Heat gently to a simmer, then take the pan off the heat and leave the milk to infuse for an hour.   All Dfg 3 Make the dough Lightly beat two of the eggs, then pour these into the...
Post a Comment
Read more »��

Stormy Daniels seeks Trump testimony on her sex claims

New post Stormy Daniels seeks Trump testimony on her sex claims 25 minutes ago Share this with Facebook   Share this with Twitter   Share Media caption Stormy Daniels: 'I was threatened' Adult-film star Stormy Daniels has filed a court motion for US President Donald Trump to testify about her claim that they had a relationship. Her lawyer wants sworn testimony from Mr Trump about a "hush" agreement the actress says she signed. The attorney, Michael Avenatti, is also seeking a legal interview with the president's lawyer. Ms Daniels alleges she had unprotected sex with Mr Trump in 2006 a year after he married Melania Trump. He denies it. Mr Avenatti's motion, filed in a court in the Central District of California early on Wednesday, ramps up the legal duel between the porn star and the president. Should Trump be worried about Stormy Daniels? The president and the porn star: Why this matters Ex-model ...
Post a Comment
Read more »��

How To Cook Spaghetti With Fresh Tomato and Basil Sauce

Spaghetti With Fresh Tomato and Basil Sauce Yield : 4 servings  Time : 40 minutes This recipe came to The Times in 2003 from the chef Scott Conant, who was then cooking at his restaurant L'Impero in Manhattan. It is simple, classic Italian fare that makes the most of summer's tomatoes, but you can also make it with hothouse offerings and it will be delicious. INGREDIENTS  3   pounds fresh plum tomatoes, blanched, peeled, seeded and quartered 3   ounces olive oil   Salt and freshly ground pepper to taste 1   pinch crushed red-pepper flakes 1   pound dry spaghetti 2   ounces extra-virgin olive oil 1   tablespoon butter 6   leaves fresh basil, shredded 2   tablespoons freshly grated Parmigiano-Reggiano cheese PREPARATION   STEP 1 Blanch the tomatoes and remove the skins. Cut in half lengthwise and scoop out the seeds. Cut the tomatoes crosswise. Set aside in a bowl. STEP 2 Heat 3 ounces olive oil in a large, deep skillet over medi...
Post a Comment
Read more »��

Senior Lawyer Rajeev Dhavan Quits Practice, Cites 'Humiliation' In Court

Senior Lawyer Rajeev Dhavan Quits Practice, Cites 'Humiliation' In Court Senior lawyer Rajeev Dhavan, who has a career spanning over three decades, had been admonished by the Supreme Court in three cases taken up on three consecutive days last week  India |   Updated: December 11, 2017 Sponsored Links   Senior lawyer Rajeev Dhavan has fought many high-profile cases (File) NEW DELHI:   Rajeev Dhavan, a senior lawyer who has fought many high-profile cases, today quit his legal practice citing humiliation in court -- a move that took many by surprise. Mr Dhavan, who has a career spanning over three decades, had been admonished by the Supreme Court in three cases taken up on three consecutive days last week. "After the humiliating end to the Delhi case, I have decided to give up Court practice. You are entitled to take back my Senior Gown conferred on me, though I would like to keep it for memory and services rendered," the senior lawyer wrote i...
Post a Comment
Read more »��