January 27, 2013 |
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.
January 22, 2008 |
Mayor Nutter is expected to announce today that Verizon Communications Inc. will relocate several hundred jobs into a former Bell Atlantic building in the 900 block of Race Street in Chinatown. A news conference is set for this morning at City Hall for the announcement. Verizon, which is based in New York, employs 2,000 in Philadelphia and, among other operations, has a video hub for its FiOS TV service on Oregon Avenue. The company does not have a license to offer FiOS TV in the city.
December 17, 2010 |
With Verizon rolling out FiOS TV in Philadelphia, Comcast Corp. says it has completed modernizing its cable system with digital technology in the city and expanded ethnic-themed and high-definition channels. Philadelphia is the first Comcast market in the nation with 150 HD channels, the cable giant said Thursday. Before the upgrade, Comcast offered 100 HD channels. The new high-def content includes the Cooking Channel, Sprout, Outdoor Channel, World Fishing Network, Sportsman Channel, and the Smithsonian.
February 24, 2008 |
Two years ago, Gus Gadonas saw the Verizon lineman stringing fiber-optic FiOS wires through his neighborhood in East Pikeland Township, Chester County. He ordered the new FiOS high-speed Internet service right away. Last year, Verizon Communications Inc. ran a special $100 rebate for customers who added FiOS TV. Gadonas leaped at that offer, too. The Internet was super-fast, he said, and the TV service was an alternative to Comcast. "The only complaint is that I don't think their on-demand product is up to snuff with Comcast," said Gadonas.
February 5, 2009
CITY COUNCIL has a prime opportunity to provide Philadelphians with the long-sought and well-deserved ability to choose another cable TV provider - one with a proven record of solid performance and service. And Verizon is eager for prompt Council action so we can begin to offer Philadelphians a superior choice for their cable service. And choice is good. Residents will be able to change providers that offer subpar service. Choice will lead to better value as competitors fight for customers through pricing and special offers.
November 14, 2008 |
Philadelphia residents could see a pay-TV slugfest. Verizon Communications Inc. has quietly negotiated a deal with city officials to offer FiOS in Philadelphia, a market dominated by cable giant Comcast Corp., which is headquartered in Center City. In a surprise move, City Councilman Darrell Clarke introduced a bill yesterday to award a 15-year cable franchise to Verizon. He offered it on behalf of Mayor Nutter, who took office in January and appears to have fast-tracked the talks.
December 3, 2006 |
Comcast Corp., which has been snatching Philadelphia-area phone customers from Verizon Communications Inc. for more than a year, is about to get a big taste of its own medicine. Verizon is expected to announce tomorrow that it will start selling its new $18 billion fiber-optic TV service this week to 100,000 homes in the area, including Bucks, Delaware, Chester and Montgomery Counties as well as in South Jersey, according to sources at both companies. The service will not yet be offered in Philadelphia.
February 10, 2009
Three cheers that Philadelphia's no longer a one cable-TV company town. After a quarter-century, there will be serious competition finally in the back yard of cable giant Comcast Corp. - thanks to a 15-year franchise agreement just reached with Verizon Communications Inc. Over the next seven years, Verizon pledges to run its fiber-optic service past every home in the city. The corporate descendant of Ma Bell plans to invest between $800 million and $1 billion in what will be a boost for the local economy.
July 28, 2008 |
NEW YORK - Verizon Communications Inc.'s second-quarter earnings rose 12 percent, the company said today, while revenue was slightly shy of expectations and customers disconnected their landlines faster than before. The nation's second-largest telecommunications company earned $1.88 billion, or 66 cents per share, in the quarter ended June 30, up from $1.68 billion, or 58 cents per share, a year ago. Verizon said that excluding a merger-related item, it earned 67 cents a share, beating the average estimate of analysts polled by Thomson Financial by 2 cents.