Verizon Loses Pay TV Subscribers

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Verizon reported fourth-quarter pay TV subscriber losses, but media unit revenue grew for the first time since the Yahoo acquisition in 2017. Details:

The telecom giant, led by CEO Hans Vestberg, posted its fourth-quarter results.

Verizon added 92,000 net customers for the FiOS consumer internet service, compared to 35,000 in the year-ago period. Together with business internet customers, the firm said it added 95,000 net new users in the period,"the most fourth-quarter total FiOS internet net additions since 2014."

 

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