For the cable circle, the big news that came out of Verizon’s 3Q conference call Thurs isn’t its FiOS-driven 40% YOY profit growth, but the termination of Verizon Wireless’ innovation technology jv with cable companies. “We are moving in our separate ways on that,” CFO Fran Shammo said. The JV, which ended in late Aug, was created in Dec ’11 as part of Verizon Wireless’ spectrum purchase from a group of cable MSOs—Comcast, Time Warner Cable, Bright House and Cox. Here’s Verizon’s reason for the move and more on the company’s financials.

More top stories from today’s CableFAX Daily:

Time Warner Cable and CBS may have settled their retrans spat, but the problems that created the month-long blackout impacting more than 3mln TWC customers are far from over. So says a 13-page letter to the FCC from TWC.
 
 
Mike Hopkins made his hire as Hulu’s new CEO official Thurs, sending a note to staffers expressing his excitement about the job.

The Daily

Subscribe

Industry Kicks off ‘Go Addressable’ Initiative

Distributors and TV brands came together Thursday in support of an industry initiative to accelerate efforts to make it easier for advertisers to incorporate addressable TV into their campaigns.

Read the Full Issue
The Skinny is delivered on Tuesday and focuses on the cable profession. You'll stay in the know on the headlines, topics and special issues you value most. Sign Up

Calendar

Jul 16
Diversity List – 2021 Nominations Due: July 16, 2021
Sep 10
Most Powerful Women – 2021 Nominations Due: Sept 10, 2021
Dec 7
Most Powerful Women CelebrationSave the Date!
Full Calendar

Jobs

Seeking an INDUSTRY JOB?
VIEW JOBS

Hiring? In conjunction with our sister brand, Cynopsis, we are offering hiring managers a deep pool of media-savvy, skilled candidates at a range of experience levels and sectors, The result will be an even more robust industry job board, to help both employers and job seekers.

Contact John@cynopsis.com for more information.