Verizon wants bite of N.Y. cable
Telecom giant reaches deal with Big Apple officialsNew Yorkers might soon get an additional choice of multichannel TV providers in the form of telecom giant Verizon.
The company, which has aggressively been rolling out its FiOS TV service, has been pushing for a cable TV franchise contract in the nation's biggest TV market. New York officials said Tuesday that the city has reached an agreement with Verizon for a deal that calls for increased channel capacity and funding for all public, educational and government channels. The deal needs to be ratified in late May.
"Our administration is committed to bringing better service and competitive choices for cable television to the residents of New York City, and the proposed agreement would go a long way toward doing that," Deputy Mayor Robert Lieber said.
Cable firms Time Warner Cable and Cablevision Systems are the big multichannel providers in New York.