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For Verizon, Strike + Storm = $250M

Here's a glance at what's rippling on the cable pond today.

  • The effects of 45,000 New York-area striking workers in August and Hurricane Irene could cost Verizon Communications Inc. (NYSE: VZ) as much as $250 million this quarter, company CFO Fan Shammo revealed Wednesday at a Bank of America Corp. conference in California. The strike, which produced a backlog of about 100,000 FiOS orders, will take 90 to 100 days to clear, he added, noting that customers are keeping their orders despite the delay in getting them filled. (See VZ: Strike Caused Backlog of 100K FiOS Orders.)

  • Video, voice and high-speed Internet subscriber adds were stronger in August than what Time Warner Cable Inc. (NYSE: TWC) expected when it reported second-quarter results, which included a loss of 128,000 video customers, MSO Chairman, President and CEO Glenn Britt said Wednesday. (See Q2 Video Scorecard: Cable, Satellite Get Creamed .)

  • The Society of Cable Telecommunications Engineers (SCTE) has enlisted some of cable's big guns to lead off the Cable-Tec Expo, set for Nov. 15-17 in Atlanta. The opening-session "chat" with Cox Communications Inc. President Pat Esser and Motorola Mobility LLC Chairman and CEO Sanjay Jha will be followed by a tech panel featuring Bright House Networks President Nomi Bergman; Cablevision Systems Corp. (NYSE: CVC) EVP of Corporate Engineering and Technology Jim Blackley; Comcast Corp. (Nasdaq: CMCSA, CMCSK) EVP and CTO Tony Werner; Cox EVP and CTO Kevin Hart; and TW Cable EVP and CTO Mike LaJoie.

  • Former BigBand Networks Inc. (Nasdaq: BBND) SVP of Product Line Management Paul Crann has landed at BTI Systems Inc. , a Canada-based packet-optical gear supplier, Multichannel News reported. Crann's recently updated LinkedIn profile says he joined BTI as SVP of product marketing and business development.

  • The Federal Communications Commission (FCC) 's Office of Engineering and Technology will launch a 45-day public trial of Spectrum Bridge Inc. 's database system for TV white spaces on Sept. 19, 2011. Google (Nasdaq: GOOG) is among those eager to tap unused portions of the broadcast spectrum to deliver mobile broadband services. The database intends to help avoid potential interference by supplying a list of authorized channels for white-spaces devices. (See FCC Opens Up TV White Spaces and Cable Worried About 'White Space' Tech.)

    — Jeff Baumgartner, Site Editor, Light Reading Cable

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