Verizon

Report: Armstrong will head Verizon bid for Yahoo

Verizon Communications has reportedly tapped Tim Armstrong, chief executive of its AOL unit, to head a possible bid for Yahoo’s assets. Verizon has expressed interest in the troubled firm for months as Yahoo CEO Marissa Mayer has announced staff cuts and expressed on-and-off interest in selling the company, in whole or part. Crain’s NY, quoting unidentified people with knowledge of Verizon’s internal moves, said Armstrong has known Mayer for years, when both were Google executives…


Verizon, Sprint settle messaging complaint

Verizon Wireless and Sprint have agreed to pay $158 million to settle complaints that they charged millions of dollars of unauthorized fees that appeared on customer cellphone bills in a practice known as cramming, the FCC announced. Under the agreement, Verizon will pay $90 million and Sprint $68 million. The unauthorized charges were for third-party premium text messaging services. The FCC said it received “numerous” complaints from consumers who had never requested the services and were…


ESPN sues Verizon

ESPN seeks legal halt to Verizon packaging

As threatened, ESPN has filed suit in New York’s Supreme Court over Verizon’s decision to include the sports network in its new discounted pay-TV package. The legal fight could slow efforts to create programming for young “cord cutters” who eschew traditional cable packages in favor of streaming online options. Verizon is offering its 35-channel Custom TV subscription package for $55 per month, with the option of adding other tiers of programming, including a sports package…