Mel Evans / AP

Verizon and CBS announced a multi-year carriage deal to continue to retransmit CBS content and distribute Showtime, Smithsonian Channel and CBS Sports Network on Verizon Fios TV. Verizon will also provide access to live streaming on and the CBS App, as well as future digital platforms that have not yet been announced. Financial terms were not disclosed.

What's in it for CBS? Retransmission revenue fees will bolster diminishing TV ad revenues as audiences move towards TV content consumption on second screens and on social media platforms. Providing access to CBS digital platforms will help CBS grow its digital audience, which is part of the network's long-term goal.

What's in it for Verizon? Verizon will maintain its competitive edge in the race for telecom companies to team with content providers to win subscribers. Sprint is partnering with Spotify and Sling TV, AT&T is trying to merge with Time Warner and T-Mobile's Binge-on platform gives subscribers access to a plethora of content from PBS to Apple Music to Disney.

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Updated 16 mins ago - Politics & Policy

Unrest in Philadelphia after fatal police shooting of Black man

Demonstrators rally on Tuesday near the location where Walter Wallace was killed by two police officers in Philadelphia, Pennsylvania. Photo: Mark Makela/Getty Images

The Pennsylvania National Guard was mobilized Tuesday during a tense second night of protests in Philadelphia over the fatal police shooting of Walter Wallace, a 27-year-old Black man.

Driving the news: Philadelphia Mayor Jim Kenney (D) and Police Commissioner Danielle Outlaw said in a joint statement Monday that police were launching a "full investigation" to answer questions that arose from video that captured part of the incident with police.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Politics: Obama: Trump is "jealous of COVID's media coverage" Axios-Ipsos poll: Federal response has only gotten worse.
  2. Health: Hospitals face a crush — 13 states set single-day case records last week.
  3. Business: Winter threat spurs new surge of startup activity.
  4. Media: Pandemic causes TV providers to lose the most subscribers ever.
  5. States: Nearly two dozen Minnesota cases traced to three Trump campaign events.
  6. World: Putin mandates face masks.
3 hours ago - Sports

Los Angeles Dodgers win World Series

Mookie Betts slides home safely to give the Dodgers a 2-1 lead. Photo: Tom Pennington/Getty Images

The Los Angeles Dodgers won their seventh World Series in franchise history with a 3-1 Game 6 victory over the Tampa Bay Rays on Tuesday. Shortstop Corey Seager was named the series MVP.

The big picture: It's the Dodgers' first championship since 1988, though they've won the NL West division in eight straight seasons and reached the World Series three times in the last four years.