Home Stock Market Verizon says may cease providing Hearst TV channels amid worth dispute

Verizon says may cease providing Hearst TV channels amid worth dispute

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© Reuters.

(Reuters) – Verizon Communications Inc (NYSE:) indicated on Tuesday it’d cease providing channels owned by Hearst Tv subsequent yr, saying the multimedia firm was demanding greater charges to broadcast its channels on the telecommunication big’s fiber optic networks.

Verizon stated Hearst TV, the proprietor of channels like WBAL-NBC in Baltimore and WGAL-NBC in Harrisburg, was asking for “unreasonably massive” charge will increase that will enhance prices for Verizon FIOS clients.

Hearst Tv didn’t instantly reply to a Reuters request for remark.

On January 1, FIOS clients in choose markets could also be unable to observe their favourite programming, together with native information, main dwell sporting occasions and different notable leisure, if the deadlock continues.

If the 2 firms don’t attain an settlement, Hearst Tv could themselves select to take away channels from Fios TV, Verizon stated.

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