Verizon, Netflix and those darn bloggers aka Reuters

December 7, 2011

Lowell McAdam, Verizon CEO

Bear with us a minute while we toot our horn (again) and point to our story on Verizon’s plans to launch an online Netflix competitor next year. Needless to say, we were pleased to get it out there first, but it’s probably unsurprising that Verizon was not ready with a press release as it hammer out deals with programmers.

So it was amusing to hear Verizon Chief Executive Lowell McAdam as he tried to squirm his way around questions about his company’s plans during an interview at the UBS conference.

“I think the jury is out but I do think there is a place for over-the-top here and it will be part of our strategy,” said McAdam.

But here’s our favorite quote and no doubt was a reference to our story yesterday — which was eventually matched by the Wall Street Journal:

“There is lots of speculation about what we are going to do and what we are not going to do.That is all just speculation by people that like to write blogs.”

First of all, we love to write blogs here at Reuters. Secondly, we never report speculation (that’s why it’s called reporting).

McAdam confirmed, as we reported,  that Verizon has been thinking about this for a while and looking at other options including Verizon’s recent tie-up with Comcast, Time Warner Cable and Bright House.

“We have looked at alternatives. When Hulu was on the market we kind of looked at that and we will continue to look at different alternatives, but I think there will be a place for over-the-top, but I also think there is a place for the video — all the sports, the late-breaking things.

Now I think this opportunity that we have in front of us with Comcast, we get a chance to really tie into that and sort of be a hybrid, if you will, because we will be able to stream things and have live things, etc., if we can work out all the opportunities with the content companies. But I think that model has yet to be determined and I hope that we will be part of — a big player in determining that.”




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yes he is horrible I was wrongfully terminated and wrote him a letter and he did nothing about it , I had proof and emails that his Management team was lying about harassing another employee, they are going to let this man perjure himself under oath. He knows this, they blocked my letters to the board of directors i do have an open letter to corporate america ( the letter the board wll never see ) to show how Verizon bullys people and are unethical according to their own code of conduct

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