Verizon says could stop offering Hearst TV channels amid price dispute By Reuters

© Reuters.

(Reuters) – Verizon Communications Inc (NYSE:) indicated on Tuesday it might stop offering channels owned by Hearst Television next year, saying the multimedia company was demanding higher rates to broadcast its channels on the telecommunication giant’s fiber optic networks.

Verizon said Hearst TV, the owner of channels like WBAL-NBC in Baltimore and WGAL-NBC in Harrisburg, was asking for “unreasonably large” rate increases that would increase costs for Verizon FIOS customers.

Hearst Television did not immediately respond to a Reuters request for comment.

On January 1, FIOS customers in select markets may be unable to watch their favorite programming, including local news, major live sporting events and other notable entertainment, if the impasse continues.

If the two companies do not reach an agreement, Hearst Television may themselves choose to remove channels from Fios TV, Verizon said.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Be the first to comment

Leave a Reply

Your email address will not be published.


*