Saturday, April 19, 2014
Inquirer Daily News

Cable TV will grow again as Verizon FiOS slows: report

"Verizon is approaching the end of its FiOS expansion"

Cable TV will grow again as Verizon FiOS slows: report

"2009 was the peak year" for Verizon FiOS and AT&T U-Verse, which will now grow more slowly in their competition with Comcast, TimeWarner and other cable TV companies, writes Bernstein Research analyst Craig Moffett in a report to clients today.

Verizon and AT&T added over 2 million TV subscibers last year, but the number of additional customers will drop  to "less than 1 million" by 2012. "Verizon will continue to build out in areas like New York City, Philadelphia, Washington DC and Pittsburgh that are already franchised but not yet fibered," wrote Moffett, but added that "Verizon is approaching the end of its FiOS expansion," he added, citing several statements by Verizon officials. 

By contrast, Comcast, which has lost TV customers steadily since at least 2008, and other cablers will see "a return to growth post-2012," and DirecTV and Dish Network will grow more slowly.

Joseph N. DiStefano
About this blog

PhillyDeals posts raw drafts and updates of Joseph N. DiStefano's columns and stories about Philly-area finance, investment, commercial real estate, tech, hiring and public spending, which he's been writing since 1989, mostly for the Philadelphia Inquirer.

DiStefano studied economics, history and a little engineering at Penn, taught writing at St. Joe's, and has written the book Comcasted, more than a thousand columns, and thousands of articles, and raised six children with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

Joseph N. DiStefano
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