Verizon Is Breaking TV Bundle as Cord Cutters Hurt its Business

Verizon (VZ) is breaking the TV Cable Bundle as competition mounts and cable cutters grow. A new FIOS TV package from Verizon lets customers pick groups of channels they want to watch. This, Verizon says, will give customers flexibility to purchase only certain groups of channels they want to watch. This is the latest sign of how Pay TV providers are adapting to stepped up competition and the growing number of "cord cutters". The new program starts April 19th. FIOS's cheapest plan starts at $55 a month and includes two channel packs. Each additional package, which can be 10 to 17 channels will cost $10 more a month.