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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
January 22, 2008 | By Bob Fernandez INQUIRER STAFF WRITER
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.
BUSINESS
December 17, 2010 | By Bob Fernandez, Inquirer Staff Writer
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.
BUSINESS
February 24, 2008 | By Bob Fernandez INQUIRER STAFF WRITER
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.
NEWS
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.
BUSINESS
November 14, 2008 | By Bob Fernandez and Jeff Shields INQUIRER STAFF WRITERS
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.
NEWS
December 3, 2006 | By Miriam Hill INQUIRER STAFF WRITER
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.
NEWS
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.
NEWS
July 28, 2008 | By Peter Svensson, ASSOCIATED PRESS
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.
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ARTICLES BY DATE
BUSINESS
March 12, 2015 | By Bob Fernandez, Inquirer Staff Writer
Verizon's FiOS TV service has dropped the Weather Channel and replaced it with the just-launched AccuWeather Network, seeking to cut programming costs, Verizon said on Tuesday. "This was a decision to opt-out and not carry the Weather Channel," said Verizon spokesman Lee Gierczynski. In late 2013 and early 2014, DirecTV temporarily dropped the Weather Channel in a carriage dispute over the channel's costs and programming. DirecTV said the channel had abandoned some of its core weather programs that were popular with subscribers for reality shows to boost TV ratings.
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
July 12, 2012 | By Bob Fernandez and Inquirer Staff Writer
The union representing Verizon Communications Inc. workers says a deal between Verizon Wireless and cable companies could cost about 14,300 jobs over five years in eight Northeastern states, including Pennsylvania and New Jersey. Verizon did not address the jobs figure but said the deal would be "in the public interest. " The job estimate is based on an economist's study and assumes that Verizon Communications will halt the rollout of its superfast FiOS Internet and FiOS TV services in older cities and other areas.
BUSINESS
December 17, 2010 | By Bob Fernandez, Inquirer Staff Writer
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.
SPORTS
August 14, 2009 | By Ray Parrillo, Inquirer Staff Writer
Scioscia's presence The calming influence of manager Mike Scioscia enabled the Los Angeles Angels to remain focused after the death of 22-year-old pitcher Nick Adenhart in a car accident during the first week of the season, according to a report on MLB.com. In a story on Scioscia written by Lyle Spencer, Reggie Willits, an Angels role player, spoke of the manager's ability to create a family atmosphere that helped the players support one another after Adenhart's death. "Mike told the team, 'We're going to get through this together.
NEWS
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.
NEWS
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.
BUSINESS
November 14, 2008 | By Bob Fernandez and Jeff Shields INQUIRER STAFF WRITERS
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.
NEWS
July 28, 2008 | By Peter Svensson, ASSOCIATED PRESS
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.
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