Verizon upped its OTT game against cable as it made its rumored purchase of Intel’s OTT service official Tues. Under the deal, the telco will integrated Intel Media with FiOS video to “further differentiate FiOS from traditional cable TV offerings and to reduce ongoing deployment costs,” Verizon said in a release. Reportedly worth far less than the $500mln Intel originally sought, the deal is expected to close early in the first quarter. Here’s more on the deal and Verizon’s financials.
More top stories in today’s CableFAX Daily:
After a 2-week retrans dispute, Cablevision reached a pact with Meredith, but Weather Channel and DirecTV still aren’t talking.
Long-time Cox exec Kathy Payne will join Suddenlink on Feb 24 to fill a top role at the MSO.
Approx a week after officially submitting its $61.3ln bid, Charter continued to press Time Warner Cable shareholders to agree to the deal now and avoid the risk that TWC’s value declines. Read more on the Charter’s next steps.