Verizon will sell Verizon Media, which consists of the pioneering tech platforms, to Apollo Global Management in a $5 billion deal.
Verizon is exploring a sale of its media assets, including potentially parts of Yahoo and AOL businesses, people familiar with the matter say. Private-equity firms including Apollo are among the possible bidders.
In an emailed statement 90 minutes after the outage was first reported, Verizon said it was working on the problem hurting Fios service “throughout the Northeast corridor” and that some service had already been restored. The telecom giant had reported a cut fiber in Brooklyn via Twitter, although it’s not clear if that issue was responsible for the entire outage. Verizon didn’t give any estimate in its email about when the problem would be fixed.
For broadcasters, 5G represents both a potentially helpful new tool and a competitive threat. The reality of either prospect hinges on how quickly and deeply the technology gets rolled out.
Verizon and Hearst Television reached a distribution agreement to stave off a New Year’s Day blackout of the broadcasting group’s nine channels on Fios TV in five markets. Terms of the agreement were not disclosed. The telco had alleged Hearst TV was demanding price hikes of more than 45% to carry the local channels. The companies’ previous carriage pact expired Dec. 31.
Per FCC rules, Verizon has started warning Fios customers they may lose access to Hearst Television stations at month’s end. Verizon said Hearst is demanding “unreasonably large” increases in retransmission consent fees that may force Verizon to raise rates for its customers.
Verizon Media is expanding its omnichannel programmatic platform today, announcing an advanced TV partnership with Dish Media in which Verizon Media’s demand-side platform (DSP) will provide automated access to Dish’s household addressable ad inventory. The deal enables advertisers to access traditional linear channels alongside pure-play CTV/OTT media, including Sling TV, driving meaningful connection and monetization […]
Verizon and Disney are expanding their distribution and marketing partnership to add the full Disney+/Hulu/ESPN+ bundle at no charge for 12 months for subscribers to two wireless plans. Beginning Thursday, customers who choose the “Play More Unlimited” or “Get More Unlimited” packages will get the bundle for free as part of their monthly cost of $45 or $55 before taxes and fees. Disney charges $13 a month for its three-service bundle. If bought separately, they would be $19.
Pluto TV and Verizon have activated their game-changing distribution partnership and revealed new programming details. Starting today, 100,000-plus hours of free, ad-supported programming on ViacomCBS-owned Pluto are available to Verizon customers. The service will come in the form of an app on Android mobile devices and pre-installed on Fios cable boxes and Stream TV and 5G Amazon Home Fire devices.
Verizon said on Thursday it is pulling advertising on Facebook until the company “can create an acceptable solution that makes us comfortable.” A company spokesperson said the pause applies to both Facebook and Instagram. It comes as marketers including Ben & Jerry’s, Patagonia and REI have also said they plan to pause advertising on the platforms.
The Home of the Whopper, Verizon and Amazon are among the relative few that haven’t been afraid to run ads near coverage of the coronavirus.
Verizon and ViacomCBS have struck a deal for the latter’s fast-growing AVOD property, Pluto TV, to bundled across Verizon’s 116 million wireless, 4 million video, and 6 million broadband customers in the U.S.
NBCUniversal said Monday that Capital One, L’Oreal, Molson Coors, Subaru and Verizon have signed up as launch sponsors for the new streaming service Peacock when it debuts this week. Peacock hits nationwide on Wednesday, April 15, free for customers of parent company Comcast, and three months later for everyone else with a price range from free to $10 a month.
Verizon Communications shares fell about 1% on Thursday as quarterly profits missed estimates even though the company added more monthly mobile phone subscribers than expected as adding the Disney+ streaming service helped some of its plans.
After years of hype, carriers like AT&T and Verizon are giving consumers clarity on what their next-generation cellular networks will realistically do.
Verizon Communications is eliminating traditional cable bundles and the handcuffs that often came with them, making it easier for households to switch video packages in the hopes they won’t cut the cord entirely. It will allow Fios customers to select their home internet speeds and television packages separately, at preset rates. Rather than locking customers into one- or two-year contracts, customers will be able to change either service monthly, if they wish.
The Cox Media stations acquired by Apollo Global Management have been blacked out to subscribers to Verizon’s FiOS as the result of a retransmission consent fee dispute. Verizon’s deal with the stations expired Tuesday at midnight.
The offer announced Tuesday is worth nearly $84, based on $6.99 monthly subscription fee for the Disney Plus service, which debuts Nov. 12. It extends to certain new and existing unlimited 4G and 5G customers at Verizon, as well as the vast majority of new home-internet customers. The promotion is the latest volley in an escalating attack on Netflix.
Verizon Communications said on Monday it would sell its blogging website Tumblr to Automattic Inc., the owner of popular online-publishing tool WordPress.com. The company did not disclose the terms of the deal.
Santiago Garces, Pittsburgh’s director of innovation and performance, fears an FCC vote this week could mean the end to free cable boxes and internet connectivity provided to the city to roughly half of the city’s buidigs for free by Comcast and Verizon.
5G-enabled cloud-based production workflows, live volumetric video and delivery of movies to theaters are some of the developments that Disney’s StudioLab — an R&D unit launched on the Disney lot last year — will aim to make a reality with its new StudioLab Innovation Partner, Verizon.
The contract replaces one that expires Monday and comes following Verizon warning its customers last week that they were in danger of losing Disney-owned properties on the service. Disney also ran ads warning of the possible blackout. News of the new agreement did not offer specifics.
Verizon is parting ways with 10,400 employees in “a voluntary separation program,” despite the Trump administration providing a tax cut and various deregulatory changes that were supposed to increase investment in jobs and broadband networks. The cuts represent nearly 7% of Verizon’s workforce and were announced along with a $4.6 billion charge related to struggles in Verizon’s Yahoo/AOL business division, which it admits is a failure.
Using an emerging wireless technology known as 5G, Verizon’s 5G Home service provides an alternative to cable for connecting laptops, phones, TVs and other devices over Wi-Fi. It launches in four U.S. cities on Monday.
The Wall Street Journal reports that Tim Armstrong, the leader of Verizon Communications Inc.’s media and advertising business, is in talks to depart, according to people familiar with the matter, leaving unfinished the task of building the unit into a digital content giant. Journal subscribers can read the full story here.
After the rapid pace of media industry consolidation in 2017, companies like Verizon have been pegged as next most likely to go after media M&A. But Verizon CEO Lowell McAdam says not so fast. McAdam admitted that there’s a lot of movement in the space right now but that his company largely ignores any interest.
Telecom companies like AT&T and Verizon are racing into the digital advertising space — currently dominated by Google and Facebook — now that Washington has given them the ability to sell data to third-party advertisers.
Verizon is returning to the Super Bowl for the first time since 2011, it confirmed on Friday. But it declined to describe its plans, so the question is which Verizon will show up to play.
With CBS and Viacom talking merger again, all eyes are on Lionsgate, which is considered a prime target for acquisition. According to one source, there are already potential suitors — Amazon, Verizon and a CBS-Viacom combination — that have all been sniffing around the company.
Verizon and the NBA have set an expanded, multi-year partnership that will allow U.S. fans to buy and stream live, out-of-market games via NBA League Pass on Yahoo Sports and other Verizon media platforms.
The wireless carrier is making a big bet on its pro football deal — but it will no longer have exclusive mobile rights.