Verizon Doesn’t Need to Own “Traditional Linear TV Content,” Says CFO

“It’s important to us that we have mobile digital rights to some of the content that we think will be important in a mobile bundle,” Matt Ellis tells an investor conference. While telecom giant AT&T has agreed to acquire Time Warner for $85.4 billion, rival Verizon continues to feel it doesn’t need to buy a big entertainment company, Verizon CFO Matt Ellis told an investor conference Tuesday.