BUSINESS
May 10, 2013 | By Bob Fernandez, Inquirer Staff Writer
Television distributors are being financially compensated for missed NHL games in this season shortened by labor problems, but hockey fans and other pay-TV subscribers won't see any of it. Neither the NHL nor TV distributors disclosed the financials in what the parties are describing as rebates, citing confidentiality agreements. A Comcast Corp. executive disclosed the existence of the rebates in a conference call with Wall Street analysts last week. Comcast and Verizon Communications Inc., which operates the FiOS service, will follow industry practice and not pass those rebates on to subscribers, say officials with both companies.
BUSINESS
January 27, 2013 | By Bob Fernandez, Inquirer Staff Writer
With sports-channel costs soaring, Verizon Communication Inc.'s FiOS TV service says it will surcharge almost five million customers $2.42 a month for regional sports networks and this week launched its first non-sports cable-TV package. FiOS Select HD costs $49.99 a month versus $64.99 for a FiOS package with ESPN and other sports channels. DirecTV, the nation's second-largest pay-TV operator after Comcast Corp., also is implementing sports-related surcharges. The actions come amid a national debate over sports entertainment, which is now estimated to account for half the programming costs in the typical cable- and satellite-TV bill.
BUSINESS
June 1, 2012 | By Bob Fernandez and INQUIRER STAFF WRITER
Verizon Communications Inc. is boosting Internet speeds in its FiOS service tiers and will double the fastest download speed to 300 megabits a second. The fastest upload jumps to 65 megabits a second from 35 megabits. Bandwidth-hogging video and the proliferation of home devices is driving Internet consumption, the company said. The faster speeds — which take effect in June — allow the FiOS network to move data more quickly. The average home now has seven Internet-connected devices using a wired or WiFi Internet connection and by 2015 the average home is projected to have between nine and 15 Internet-connected devices.
BUSINESS
April 29, 2012 | By Bob Fernandez, INQUIRER STAFF WRITER
Years after Verizon Communications Inc. wired the suburbs of Boston, Buffalo, and Baltimore with superfast Internet, more than one million residents in the poorer urban neighborhoods of those metro areas are still waiting for FiOS. Ditto, according to a union representing Verizon workers, for Syracuse, Albany, Erie, Scranton, and other Northeast cities. No FiOS. City officials didn't think that would last. They believed — hoped — that Verizon would get around to them to compete head to head with the cable companies.
NEWS
April 19, 2012 | BY JAN RANSOM, Daily News Staff Writer
City Councilman Bobby Henon plans to haul allegedly negligent landlords into City Hall to answer for why they've let properties deteriorate, going so far as to single out eight people during Council's session Thursday. Should they refuse to agree to testify before Council, Henon said he would subpoena them as part of a resolution he introduced in March to compel witnesses to come forward and provide documents. "We need to start thinking about how and why our buildings fall into disarray, about why they become abandoned in the first place, about the way that we respond when the first call comes in from a resident about short-dumping, about a broken window, about trash on a lawn and any other property maintenance issue," Henon said Thursday.
BUSINESS
April 10, 2012
Verizon Communications Inc. customers in Southeastern Pennsylvania and northern Delaware lost FiOS Internet service for four to five hours early Tuesday morning because software problems, a company spokesman said. The problem was fixed by about 9:30 a.m. FiOS TV and phone service were not interrupted, spokesman Lee Gierczynski said. - Bob Fernandez
NEWS
March 25, 2012
"We were happy as can be to have an iconic brand in the portfolio of stable brands within the company. That was real evidence to our shareholders and people who followed us that we were very serious about our five-year plan. " - Flowers Foods Inc. chief executive George E. Deese, on his company's acquisition last year of Philadelphia Krimpet-maker Tasty Baking Co. "Now I guess I can smile.... Maybe I can take a day off. " - New York Mets chief executive Fred Wilpon, after Mets owners agreed to pay up to $162 million (and likely much less)
BUSINESS
August 9, 2011 | By Jane M. Von Bergen, Inquirer Staff Writer
Amid reports of vandalism and tentative talks between labor and management, striking Verizon workers formed a river of red in their union T-shirts at a rally in Chinatown on Monday morning. About 600 workers thronged outside a Verizon operations facility at Ninth and Race Streets, temporarily blocking traffic, as they listened to speeches, shouted slogans, and heard updates from their leaders. They were among 45,000 Verizon Communications Inc. employees who went on strike early Sunday morning after management and labor failed to reach agreement on a contract.
NEWS
August 9, 2011 | Jim Fitzgerald, ASSOCIATED PRESS
NEW YORK - Striking Verizon landline workers say they laid the foundation for the company's booming wireless business and shouldn't be expected to give up contract benefits just because they work on a less profitable side of the business. But management says the company has to change to stay competitive and the 45,000 landline workers can't expect to be paid the way they were when the phone company was a monopoly. "It's no secret that the wireline business has experienced a 10-year decline in our customer base and in profitability," said CEO Lowell McAdam.