Verizon Second-Quarter Pay TV Sub Growth Slows

Verizon Wireless
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The telecom giant added 100,000 FiOS TV customers in the period, compared with 140,000 in the year-ago period.

Telecom giant Verizon saw its pay TV subscriber growth slow during the second quarter compared to the year-ago period.

The company on Tuesday said it added 100,000 FiOS TV subscribers in the period, down from 140,000 in the year-ago period. It had added 57,000 subscribers in the first quarter. 

The company ended June with about 5.4 million FiOS TV subscribers, up 7.6 percent from the year-ago period. The telecom giant's FiOS TV service competes with cable and satellite TV operators. 

On an earnings conference call, management on Tuesday discussed its wireless content strategy, saying it feels Verizon doesn't need to own content to be successful in the field, but can license the rights. 
The company, for example, offered the Super Bowl to its users this year, with management signaling an interest in other live sports and events-type content.
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