Level 3 Communications, Inc. (NASDAQ: LVLT) today announced it has expanded its relationship with Cable News Network Inc. (CNN) to include Managed Video Network Services (MVNS), a fully managed video delivery, IP and networking solution. Level 3 has installed its MVNS platform into CNN’s global headquarters in Atlanta as well as augmented fiber capacity into CNN’s studios in New York City, allowing the broadcaster to more effectively manage its video and data content. Level 3’s MVNS offering is a flexible managed video solution for broadcasters that enables point-to-point and point-to-multipoint broadcast video delivery between customer locations via the Level 3 fiber-optic network. The service seamlessly integrates IP and data services from Level 3 while dynamically allocating and prioritizing bandwidth between different services, giving broadcasters maximum flexibility. The installation and augment represent the latest expansion in a more than 20-year relationship between Level 3 and CNN. In addition to the Vyvx video backhaul services Level 3 has historically provided, Level 3 has brought CNN’s Atlanta headquarters on-net, giving the broadcaster direct access to Level 3’s Tier 1 IP backbone and Vyvx network. Level 3’s fiber augment at Time Warner Center in New York City will serve as a complement to the MVNS installation in Atlanta and expand Level 3’s ability to deliver high-quality media solutions to CNN. “With the speed at which information travels today, news cycles for broadcasters like CNN have accelerated. As a result, their connectivity needs have grown and their video and data must move faster and more efficiently,” said Andrew Crouch, president of Sales at Level 3. “We developed our MVNS platform to meet the needs of the most demanding broadcast customers, to improve business efficiencies and digital workflows, and to support future innovation in the way content is delivered.” Features of the installations for CNN include:
Forward-Looking StatementSome of the statements made in this press release are forward-looking in nature. These statements are based on management’s current expectations or beliefs. These forward-looking statements are not a guarantee of performance and are subject to a number of uncertainties and other factors, many of which are outside Level 3’s control, which could cause actual events to differ materially from those expressed or implied by the statements. The most important factors that could prevent Level 3 from achieving its stated goals include, but are not limited to, the current uncertainty in the global financial markets and the global economy; disruptions in the financial markets that could affect Level 3’s ability to obtain additional financing; as well as the company’s ability to: increase and maintain the volume of traffic on the network; successfully integrate acquisitions; develop effective business support systems; defend intellectual property and proprietary rights; manage system and network failures or disruptions; develop new services that meet customer demands and generate acceptable margins; adapt to rapid technological changes that lead to further competition; attract and retain qualified management and other personnel; and meet all of the terms and conditions of debt obligations. Additional information concerning these and other important factors can be found within Level 3’s filings with the Securities and Exchange Commission. Statements in this press release should be evaluated in light of these important factors. Level 3 is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.