Verizon Weighs Sponsorship Cuts, Including NFL Deal, as Cost Review Continues
Verizon Communications is reassessing large sponsorship commitments across sports and music as part of a wider cost-reduction effort. The company considered scaling back or leaving a 10-year NFL sponsorship, a deal signed in 2021 worth more than $1 billion that named Verizon the league's official 5G network and gave the carrier rights to use NFL br…