• WSJ (paid subscription required), Wednesday, March 22, 2006 1:04 PM

Although Verizon's flegling television service, called Fios TV, is available in barely more than a million U.S. homes, it is badly in need of content. It will now have more, thanks to CBS. The two companies have agreed to a deal in which Verizon will pay the network for the right to deliver certain CBS shows to its customers. Reports the Journal: "CBS's strategy is to capitalize on the increasingly brutal competition between cable operators and telecommunications companies to deliver TV to people's homes. To compete with cable companies treading on their turf by offering phone service, Verizon and AT&T Corp. are building networks to deliver TV to homes. CBS is also in talks with AT&T." Terms of the agreement were not disclosed, but sources say Verizon will pay CBS about 50 cents per subscriber, which is in line with what cable companies pay for access to basic cable channels such as USA Network.

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