Telecom giant Verizon on Wednesday reported that it lost 72,000 net pay TV subscribers for its FiOS consumer video service in the fourth quarter, compared with a loss of 51,000 in the year-ago period and a loss of 61,000 in the third quarter.
As it has done in the past, the company cited "the ongoing shift from traditional linear video to over-the-top offerings." Verizon added 92,000 net customers for the FiOS consumer internet service, compared to 35,000 in the year-ago period.Together with business internet customers, the firm said it added 95,000 net new users in the period, "the most fourth-quarter total FiOS internet net additions since 2014." The Verizon Media unit, which includes the likes of Yahoo, AOL and HuffPost, posted.
Read more on hollywoodreporter.com