3 years ago
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Verizon lost 84,000 pay TV subscribers in Q1
Verizon lost 84,000 Fios TV subscribers and 68,000 postpaid mobile phone subscribers during the first quarter of 2020 as the telecom company continued seeing the effects of the COVID-19 pandemic. In its earnings report this morning, Verizon said it’s seeing an “ongoing shift from traditional linear video to over-the-top offerings.” That trend isn’t new, but widespread quarantines are only helping to push it along.
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https://www.theverge.com
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They are in over their head with a lot of competition for viewership. It was bound to be an issue.