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.
July 12, 2012 |
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.
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.
January 6, 2010 |
Verizon Communications Inc., which is rolling out FiOS TV and Internet services in Philadelphia, is poised to double its early-termination fee for new TV and Internet subscribers to $360, according to corporate documents. Verizon has seen Comcast Corp. and other cable companies stealing back FiOS TV and Internet customers with steep discounts and offers to rebate the termination fee. Customers who cancel TV or Internet service in mid-contract pay the fee. The sharply higher fee - the current one is $179 for a two-year contract - would make the rebate payments more painful for competing cable companies.
February 3, 2011 |
News, weather, and sports 24/7. Why not traffic? From a warehouse on a side street in Malvern, Tango Traffic went on the air Jan. 1 to report rubbernecking and crashes, whether at the height of rush hour or in the dead of night or the middle of a storm like the one that covered roads with ice Tuesday and Wednesday. Although KYW-AM (1060) reads traffic and transit "on the 2's" around the clock on the radio, Tango's creators say they saw a void in the marketplace. "People want information where they want it and when they want it and how they want it," said chief executive Tim Chambers, an entrepreneur with a background in television and filmmaking whose operation, Quaker Media, is partnering with Tribune Co.'s PHL17.
March 22, 2012 |
WASHINGTON - A $3.6 billion deal to sell wireless spectrum and related joint-marketing agreements between cable companies, including Comcast Corp. and Verizon Wireless, faced criticism in a Senate Judiciary antitrust hearing Wednesday that they would hurt consumers and amounted to a truce between the telecom giants. "It's like you agreed to throw in the towel and stop competing with each other," Sen. Al Franken (D., Minn.), a frequent Comcast critic, said in the hearing. Steven K. Berry, president and chief executive of the Rural Cellular Association, whose members include Sprint, T-Mobile, and Cricket, said: "This is effectively a non-compete agreement.
March 27, 2014 |
Comcast SportsNet Philadelphia, already one of the nation's priciest regional sports networks, is seeking a subscriber surcharge on behalf of the wallet-busting, 25-year, $2.5 billion TV rights deal it negotiated with the Phillies in January. As part of the deal, at least 33 Phillies games will relocate from the over-the-air - and free - TV station WPHL17 to the cable sports network. Comcast SportsNet Philadelphia is asking pay-TV operators, including Comcast itself, to pay for those additional games on cable, according to multiple pay-TV operators who declined to be identified.
February 6, 2012 |
Raising the stakes in streamed entertainment, phone giant Verizon Communications Inc. will launch a new national streaming service in a joint venture with DVD-rental firm Redbox later this year. The venture will be a direct competitor to Netflix, which now has more than 20 million subscribers, by offering DVD rentals through 35,000 Redbox kiosks and Internet-streamed entertainment by Verizon. Verizon will own 65 percent of the venture and Coinstar Inc., which owns Redbox, will own 35 percent.
October 23, 2008 |
Comcast said yesterday that it would double broadband speeds for its customers in the Philadelphia and Boston areas as it competes with Verizon Communications Inc.'s FiOS service and seeks to make its broadband Internet service more attractive to DSL customers. Many customers in Philadelphia's suburbs, including South Jersey, will get speed upgrade by mid-December. Philadelphia customers should have the faster speeds in the first half of 2009. Faster speeds will proliferate across Comcast Corp.