Categories: Carriers

Verizon strikes new deal with CBS

Verizon Communications has roughly 5 million subscribers to its FiOS TV service, and about 3.5 million of those are in markets where CBS owns a TV station. Now the company may be picking up some more subs, after reaching a new re-transmission deal with CBS while the broadcaster continues a standoff with Time Warner Cable. That fight has left Time Warner customers in New York, Los Angeles and Dallas without access to CBS stations since August 2.

“Verizon is a distribution partner of growing importance to us that provides excellent service to its expanding number of subscribers, and we are glad that this partnership will continue and grow,” said Terry Denson, VP of video content and strategy at Verizon. The two companies also noted that the deal was “reached in a very short period of time,” a clear reference to the lengthy Time Warner negotiations.

The companies said that the deal also calls for “dramatically increased” distribution of CBS Sports Network on Verizon’s FIOS TV. In the past, many FiOS customers have complained about not having access to CBS Sports Network. FiOS TV will also offer customers CBS programming via video-on-demand for no additional cost.

Verizon’s FiOS fiber optic service offers TV, phone and high-speed Internet in one package. This summer the company launched FiOS Quantum, offering Internet speeds of up to 500 megabits per second for $310 per month. The company curtailed expansion plans for FiOS when it struck a co-marketing deal with a group of cable companies last summer; it also may have realized that FiOS would not be able to compete effectively with Google Fiber’s promised speeds of 1 gigabit per second.

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3 Responses to “Verizon strikes new deal with CBS”

  1. Raymond Fournier says:

    Verizon FiOS needs improvement if they want me back as a customer. The CBS deal isn’t a reason for me to resubscribe. I am satisfied with AT&T U-Verse anyway.

    • Telco says:

      I am wondering about Time Warner’s comments that the content in multiple venues, if available to Vz are too expensive as Time Warner maintains. We will not see these numbers but to gain entry in the cable segment, Vz is doing things right, keeping the quality up, the price as low as they can (increasing when ever they can). The foray of speed against Google is advertising claim concerns but in reality Google Voice, footprint and content (OTT Video) are all such slim % of the marketplace, Vz still needs to focus on competing with the cablecos where each is robbing the other of the core business lines. I am concerned Vz is not building out more FiOS markets but their penetration in copper replacement and inside existing markets is healthy.

  2. Telco says:

    I think the regional operators have the bigger issue here. Google is building where tier one operators have held-off upgrading. There are plenty of markets where upgrading has not taken place. The regional if not rural operators are in a mode where they are upgrading nicely. I believe the wireless and enhanced telecommunication applications can start consuming the fiber and transmission upgrades. To be sure the transmission upgrades are still somewhat sparse. The quantity of subscribers is less economical than the tier one market density. Still though the regional and rural operators seem to be able to get the content, the applications and the market share in their communities, to consume the transmission. The over-builders are the ones who must consolidate to partner with the missing elements they need for quad-play.

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