Cisco's revenues up; Verizon addresses Albany complaints

More cable news from across the Web:

> Cisco managed to grow its revenues during the second quarter, but the WSJ notes the company remains deeply discounted to the market. WSJ article

> Sling TV appears to have had a glitch that prevented users from viewing the mid-season finale of Pretty Little Liars on ABC Family. TVPredictions article

> Verizon responded to complaints from Albany officials that the telco doesn't offer its FiOS service in the area. News10 article

> SeaChange hired a handful of new executives. Multichannel News article

> Shentel announced it promoted three executives. Release

> Discovery Channel President Rich Ross will also oversee Animal Planet and Science Channel. Multichannel News article

Telecom News

> Rift.io, a Boston-based startup, is poised to make some moves in the network functions virtualization (NFV) space. The company just raised $16 million in series A funding led by North Bridge Venture Partners. The funding will be used to develop its open source NFV platform, Rift.ware, and expand its engineering and design team. Article

Wireless News

> Lenovo's Motorola Mobility unit is cutting 500 jobs at its Chicago headquarters, or 25 percent of its Chicago-based workforce, as part of a broader restructuring and layoffs at its parent company. Article

> Verizon Wireless confirmed that in June it quietly stopped throttling the data speeds of customers who were on legacy unlimited data plans on 3G devices and who crossed into the top 5 percent of data users when they were on high-traffic cell sites. Article

And finally… Disgraced televangelist Jim Bakker is now selling buckets of potato soup on TV. Article

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