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Stock impact report

Verizon (VZ) Reviewing NFL Partnership and Other Sponsorship Deals to Cut Costs [Yahoo! Finance]

Verizon Communications Inc. (VZ) 
Last verizon communications inc. earnings: 4/24 07:30 am Check Earnings Report
US:NYSE Investor Relations: verizon.com/about/investors
Company Research Source: Yahoo! Finance
Verizon Communications Inc. (NYSE: VZ ) is included among the 15 Best High Dividend Stocks to Invest in Under $100 Verizon (VZ) Reviewing NFL Partnership and Other Sponsorship Deals to Cut Costs Ken Wolter / Shutterstock.com On March 4, The Wall Street Journal reported that Verizon Communications Inc. (NYSE:VZ) has been reviewing the hundreds of millions of dollars it spends on sports and music sponsorships. The review is part of a broader effort to reduce costs across the business. In recent months, the company held internal discussions about possibly scaling back, or even exiting, its high-profile partnership with the National Football League. The sponsorship agreement, signed in 2021 and valued at more than $1 billion, made Verizon the league's official 5G network. It also allowed the telecom company to use NFL branding in its marketing. Those discussions have slowed since then. Changing or ending the deal would be complicated and could require Verizon to pay a penalty for Show less Read more
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