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Verizon & Hearst Television Reach Agreement On Terms

By John F. Heerdink, Jr.

As per reports, Verizon Communications, Inc. has reached an agreement with Hearst Television to avoid a New Year’s Day blackout of the broadcasting group’s channels on Verizon’s fiber-optic networks in the U.S, including Boston and Baltimore. The agreement also covers viewers in Manchester, New Hampshire, and the Pennsylvania cities of Harrisburg and Pittsburgh in addition to Boston and Baltimore.

“Verizon Fios has been able to reach an agreement with Hearst Television,” stated a company representative in an email. 

Recently, Verizon informed that Hearst TV, the owner of channels like WBAL-NBC in Baltimore and WGAL-NBC in Harrisburg is demanding “unreasonably large” rate increases that would lead to an increase in costs for Verizon FIOS customers. Verizon has warned that on Jan. 1, 2021, Fios customers in certain markets may lose the ability to watch their favorite programming.

Terms of the deal were not disclosed.

Verizon Communications, Inc. (VZ) is a worldwide leader in delivering communications and technology solutions that improve the lives of its customers. To learn more about Verizon Communications, Inc. (VZ), and to track its progress please visit the Vista Partners Verizon Communications Inc. Coverage Page.






Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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(Read Original Story: Verizon, Hearst Television reach deal to avoid blackout in some U.S. markets in Reuters)


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