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

FREE DAILY NEWSLETTER

Like this story? Subscribe to FierceVideo!

The Video industry is an ever-changing world where big ideas come along daily. Cable, Media and Entertainment, Telco, and Tech companies rely on FierceVideo for the latest news, trends, and analysis on video creation and distribution, OTT delivery technologies, content licensing, and advertising strategies. Sign up today to get news and updates delivered to your inbox and read on the go.

> 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

Read more on

Suggested Articles

Comcast last Friday moved Turner Classic Movies to its Sports Entertainment add-on package, a move that angered several subscribers.

With the streaming wars intensifying, the “aggregation wars” are poised for greater activity as well: everyone wants a piece of this pie.

Comcast/NBCUniversal is reportedly shifting around its management team ahead of the company’s high-profile launch of Peacock.