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Thursday, September 11, 2014

Verizon CEO says to launch Web TV product in 2015, (NASDAQ: DISH), (NYSE: VZ)

Verizon Communications Inc plans to launch an Internet-based television service in the first half of next year, its chief executive said on Thursday, in a move intended to shake up traditional cable and satellite TV services.In January, Verizon bought an Intel Corp venture to create a web-based TV service. The move raised expectations that a viable alternative to cable TV service could finally become a reality. Competition to create such a service has been intensifying lately, with Sony Corp, Dish Network Corp and DirecTV developing similar products."We are very focused on probably late first half of 2015 having products like this in the marketplace," McAdam said at an industry conference in New York.Intel and others have struggled to lure content from media companies who prefer to sell bundles of channels to cable and satellite companies. But McAdam expressed optimism that broadcast and cable TV networks will agree to provide programming for such an "over-the-top" service.

DISH Network Corporation is a pay-television (TV) provider, with approximately 13. Shares of DISH traded higher by 0.67% or $0.44/share to $66.20. In the past year, the shares have traded as low as $43.75 and as high as $67.50. On average, 1581260 shares of DISH exchange hands on a given day and today's volume is recorded at 660101.

Verizon Communications Inc. (Verizon) is a holding company. Shares of VZ traded higher by 0.4% or $0.1964/share to $48.95. In the past year, the shares have traded as low as $45.45 and as high as $53.66. On average, 12884900 shares of VZ exchange hands on a given day and today's volume is recorded at 6957095.



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