The next time you're checking your Netflix account, it may have just been temporarily cut off from its internet connection.If you live in rural areas, or have a large internet provider that can cut you off for long periods, it's probably time to get out of the home broadband business.The internet service that delivers your internet connection, such as Comcast or Verizon, is generally called broadb...
Verizon plans on buying Time Warner, cable channels, sports channels and some other assets, a person familiar with the matter said.
Verizon also intends to acquire a majority stake in NBCUniversal and Disney.
Time Warner has a pending acquisition bid for Hulu, the entertainment company that will be part of Verizon’s new streaming service.
The person, who was not authorized to discuss the matter publicly and requested anonymity, said Verizon also expects to purchase Time Warner assets such as AMC Networks, Fox networks and Warner Bros. television channels.
The acquisition is part of a broader push by Verizon to gain more control of its Internet properties, which have been under intense consolidation since 2010, and to acquire smaller media companies to bolster its own cable TV service.