Time New York: Fri 22 Jun 12:43 pm  |  Save 15% on H&R Block Online

  
caticonslite_bm_alt

Verizon (VZ) Drops Bloomberg TV on Carriage Fee Dispute

Zacks

Verizon Communications Inc’s VZ pay-TV customers have reportedly lost access to Bloomberg TV. Per sources, Verizon has declined Bloomberg’s proposal to pay for content, which is easily accessible online for free. Verizon has advised customers to subscribe to Bloomberg's website and app to access Bloomberg TV.

Verizon is one of the leading telecom service providers in the United States, which operates through wireless and wireline segments.

Headquartered in New York, Bloomberg TV or Bloomberg is a U.S.-based international cable and satellite business news television channel, owned by Bloomberg L.P. It is distributed globally to 310 million homes worldwide.

It is debatable if the companies will reach any solution, allowing the programming to be accessible to Verizon's customers.


The year has barely begun and the retransmission and carriage fee blackout problem continues to worsen. Altice USA Inc ATUS and Starz Inc. have failed to ink a new programming deal on the eve of New Year. This led to the blackout of 17 Starz, StarzEncore and MoviePlex premium channels in Altice USA’s Optimum and Suddenlink cable TV services, since midnight Dec 31.

Frontier Communications Corporation’s FTR FiOS customers in the Seattle area have reportedly lost access to Cox Media Group’s KIRO-TV programming. Per sources, the companies failed to extend a carriage deal, causing the blackout of CBS, Get TV and Laff TV programming.

Other Retransmission Conflicts

Conflict between TV broadcasters and pay-TV operators is not new in the United States.

In October 2017, Verizon dropped Univision Inc.’s Spanish language TV channels from its fiber-based FiOS TV network. Viacom and Charter Communications are still holding discussions to reach a negotiation. In November 2017, DISH Network Corp DISH inked a multi-year program licensing deal with CBS Corp, after resolving a three-day blackout.

Zacks Rank & Price Performance

Currently, Verizon carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Verizon portrays an impressive price performance. In the past six months, shares of Verizon have rallied 21.3% compared with the industry’s gain of 5.1%.

Zacks’ Best Private Investment Ideas

While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.

Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.

Click here for Zacks' private trades >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

To read this article on Zacks.com click here.

Zacks Investment Research
<-- You can share this post with your network,
or give us your opinion and leave a comment.
Be sure to check our RSS feeds for updates.