Verizon Moves To Close Hyperlocal Cable-News Channel Fios1

By John Heerdink LinkedIn

As per reports, Verizon is set to close Fios1 News, one of the two hyperlocal cable-news channels operational in New York City’s metro area. The shut-down will also cause the end of its 10-year contract with New York’s Regional News Network, Rye Brook.

Fios1 was first introduced by Verizon 10 years ago in Long Island and northern New Jersey. The channel featured local communities, including high school sports, traffic, local stories, and weather.

With this move an others Verizon continues with its efforts to create healthier balance sheet and further invest in its launch of its 5G Ultra Wideband network.

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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Aug13(11)

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