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Last-minute deal keeps Hearst stations on Verizon’s Fios

https://www.youtube.com/watch?v=59WZOsi_BSo

A last-minute deal between broadcaster Hearst Television and wireless company Verizon kept nearly a dozen local stations from being pulled off Verizon’s Fios TV systems along the eastern United States.

Last week, The Desk reported Hearst had threatened to remove nine local television stations from Fios TV due to an expiring contract that allows Verizon to distribute Hearst-owned channels to customers in exchange for paying Hearst a re-transmission consent fee.

Verizon accused Hearst of demanding a sizable fee increase, which it called “unacceptable” in a statement.

As is typical with carriage disputes, Verizon and Hearst settled their differences with a new deal while not revealing financial details.

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About the Author:

Matthew Keys

Matthew Keys is the publisher of The Desk and reports on the business and policy matters involving the broadcast television, streaming video and radio industries. He previously worked for Thomson Reuters, Disney-ABC, Tribune Broadcasting and McNaughton Newspapers. Matthew is based in Northern California, has won numerous awards in the field of journalism, and is a member of IRE (Investigative Reporters and Editors).