Are Google and telecom Verizon crafting an agreement that would limit how much data can flow on the internet for free?

Is it the end of the internet as we know it? Rumors are flying that two giants in the internet world, Google and telecom Verizon, are crafting an agreement that would limit how much data can flow on the internet for free. Google and Verizon say that is not the case. But free media proponents say the signs are there that the days of the free and open internet are numbered.