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Bel Air approves five-year Verizon cable franchise renewal with 3% franchise fee intact
Summary
The Bel Air Board of Town Commissioners approved a five-year, non‑exclusive renewal of Verizon’s cable franchise, keeping the town’s 3% franchise-fee payment while acknowledging a declining subscriber base and a one‑year cancellation clause for Verizon.
The Bel Air Board of Town Commissioners on Aug. 18 approved a five‑year, non‑exclusive renewal of Verizon’s cable franchise agreement that keeps the town’s 3% franchise fee on annual gross revenue. Town staff said the shorter five‑year term reflects changes in the cable industry and a shrinking subscriber base. Mr. Krantz, a town staff member who presented the ordinance, said the franchisee “shall pay to the town, 3% of annual gross revenue.” The…
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