Verizon: frowns on Hearst's television rate hikes
(CercleFinance.com) - The company Verizon announces that it has started informing some customers of Fios - a triple-play offering operating over a fiber-optic network - that it may soon be forced to stop broadcasting channels belonging to Hearst Television.
Why? "Unreasonably large" rate increases made by Hearst Television that could force customers to pay more to access the same content, Verizon said.
The US telecoms giant believes that the unreasonably high rate hikes proposed by Hearst Television "show the retransmission model is fundamentally broken" and says that it wants to "foster a system that better meets consumer needs."
Hearst owns and operates several channels currently available to Fios customers including WBAL-NBC in Baltimore, WGAL-NBC in Harrisburg, WTAE-ABC in Pittsburgh, WCVB - ABC, and WMUR-ABC in Boston/Manchester.
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