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Verizon May Stop Broadcasting Channels By Hearst Television

By John F. Heerdink, Jr.

Reportedly, Verizon Communications Inc. (VZ) may stop broadcasting channels owned by Hearst Television next year as the company has been asking for higher rates to broadcast its channels on Verizon’s fiber-optic networks.

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.

If the predicament continues, then from January 1, FIOS customers in select markets may not be able to watch their favorite programming, including local news, and other notable entertainment.

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 says could stop offering Hearst TV channels amid price dispute in Reuters)


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