Following a six-market trial, Verizon Wireless is now offering its fixed (and strictly capped) Long Term Evolution (LTE) data service, HomeFusion Broadband, nationwide. Although HomeFusion is considered a niche service for rural areas, competing with satellite broadband in markets lacking wireline competition (and perhaps coming up against cable modem services as a fringe competitor), the service is being offered across Verizon Wireless's national LTE network, which currently covers 230 markets and about two-thirds of the U.S. population. Verizon Wireless sells the service, which requires a US$199 LTE antenna, in three tiers: $60 per month for 10GB of data; $90/20GB and $120/30GB. (See LTE in a Can .)
If Hulu LLC shifts to a TV Everywhere model that requires users to prove they have a pay-TV subscription, that's fine by HBO owner Time Warner Inc. (NYSE: TWX) and its CEO, Jeff Bewkes, who thinks the Web TV hub may need to make the move in order to stay viable. "We think Hulu authenticating makes sense," he said on Wednesday's earnings call, responding to a rumor that the Web TV hub is considering swapping out its current "free" ad-supported service with one that would be more friendly to cable operators and other pay-TV providers. Hulu has about 2 million customers paying $8 per month for the Hulu Plus service.
The Federal Communications Commission (FCC) ruled Wednesday that Comcast Corp. (Nasdaq: CMCSA, CMCSK) must give Bloomberg's 24/7 news channel a better channel slot as a condition of Comcast's NBCUniversal LLC merger. The order requires the MSO to move Bloomberg to the same channel "neighborhood" as competing news channels such as CNBC within 60 days. Comcast said it will appeal the decision, claiming that the FCC's Media Bureau misinterpreted the conditions of the merger.
Video server and software vendor Concurrent Computer Corp. (Nasdaq: CCUR) posted third-quarter net income of $337,000 (4 cents per share) on revenues of $16.3 million, down from $18.3 million in the year-ago period. It ended the quarter with no debt and cash and cash equivalents of $23.3 million.