News of Note—Comcast, Verizon, Tegna, more

News of note

> Tegna’s third-quarter revenues dropped 11%, feeling the same impact as other broadcasters amid tough comps from the 2016 Summer Olympics and the presidential election. FierceBroadcasting article

> In a quarter in which his company’s subscription revenues grew 26%, Tegna CEO Dave Lougee said net retransmission revenues will continue to rise as virtual MVPDs grow. FierceBroadcasting article

> Verizon CEO Lowell McAdam has set a goal to reduce the telco's costs by $10 billion over the next four years, and it is going to leverage one of its biggest investments, network virtualization, to drive that initiative forward. FierceTelecom article

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> The mayors of nine Chicago-area municipalities held a news conference this week in opposition to a proposed state law to streamline policies and processes for siting and deploying small cells. FierceWireless article

> Comcast has doubled the speed of its prepaid internet service to 20 Mbps. Multichannel News article

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