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Media

Verizon (VZ) Flanks The Cable Guys Again

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By Douglas A. McIntyre Published
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Verizon (NYSE: VZ) has started to give the cable companies fits with its new fiber-based TV and broadband services. The offering has all of the advantages of cable products and claims to have faster connection speeds. Even if it does not, cable now has direct competition from a company with a hefty balance sheet and plenty of landline and cellular customers who may want to add another service.

Cable did still hold one fortress which was its wiring of large apartment buildings where it could pick up hundreds of customers at a time. There is a breach in the wall around that business now as well.

According to The Wall Street Journal "Verizon’s fiber-optic service, mainly available to suburbanites, is making a big push into Manhattan with a deal to connect an 11,232-unit apartment complex."

If Verizon can duplicate the deal in a number of other very large apartment buildings in it service area, cable will have lost one of its best advantages which was its exclusive access to this kind of real estate.

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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