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AT&T CEO Signals HBO Max Bundle Could Return to Top-Tier Mobile Plans

After dropping HBO Max as a bundle perk for new unlimited mobile phone plans following AT&T’s sale of WarnerMedia to Discovery, the telecom giant is eyeing possibly rebundling the streaming service as a promotion to draw new customers. “I don’t think anything should be viewed as static and I think entertainment is part of a […]

AT&T CFO Warns of “Hotter” Than Expected Inflation Pressures, Potential Price Increases

AT&T CFO Pascal Desroches said Tuesday that inflation is the issue he is most concerned about, and one that he expects to continue “for the foreseeable future.”  “It’s hard for me to envision that that’s not going to impact the consumer negatively,” Desroches said. “And that we and some others will see some pressure.”  AT&T […]

AT&T CEO John Stankey Warns of Inflation Threat

After the merger of Discovery and WarnerMedia, AT&T CEO John Stankey is growing wary about inflation, warning that the rate of price increases in the general economy will impact consumer spending on video content. “The TV business has a tendency to go through the dynamic of resizing bundles and the size of the product the […]

Verizon Loses 78,000 Video Subs in First Quarter, Touts Highest Broadband Additions “in Over a Decade”

Verizon lost 78,000 net pay TV subscribers for its Fios consumer video service in the first quarter, compared with a loss of 69,000 in the fourth quarter and a loss of 82,000 in the year-ago period, the telecom giant said on Friday. The company has in the past often cited “the ongoing shift from traditional […]

HBO Max and HBO Hit 76.8M Global Subs, and 48.6M in U.S., in Final AT&T Disclosure

HBO and its HBO Max streaming service ended March with 76.8 million global subscribers, an increase of 3 million after hitting 73.8 million subscribers as of the end of 2021. Telecom giant AT&T disclosed the user gains — which marked a contrast to Netflix’s subscriber loss in the first quarter that led Wall Street analysts […]

John Oliver Gives Former Parent Company AT&T Two-Middle-Finger Sendoff

John Oliver isn’t done sticking it to AT&T. As of last Friday, HBO is officially no longer owned by the company — which Oliver has condescendingly referred to as “Business Daddy” — after Discovery and WarnerMedia officially closed their merger, creating a new media and entertainment giant called Warner Bros. Discovery. And Oliver couldn’t resist […]

AT&T CEO John Stankey Bids Farewell to WarnerMedia Staff in Memo: “I Offer My Heartfelt Thanks”

With the WarnerMedia-Discovery merger on the cusp of closing, AT&T CEO John Stankey sent a farewell memo to WarnerMedia employees Friday, commending them for their work, and wishing them well under the new leadership of incoming Warner Bros. Discovery CEO David Zaslav. “You are to be congratulated and commended. The road wasn’t easy or clear,” […]

David Zaslav Names His Top Warner Bros. Discovery Executives

With the $43 billion Warner Bros. Discovery megamerger about to be completed, CEO David Zaslav has unveiled more key executive appointments for the combined company. The industry veteran confirmed that trusted, longtime Discovery top executives will take on key jobs at the merged conglomerate, while WarnerMedia-side entertainment leaders Casey Bloys (HBO and HBO Max), Channing […]

WarnerMedia CEO Jason Kilar Exiting When Discovery Deal Closes

WarnerMedia CEO Jason Kilar will depart as the AT&T entertainment unit’s merger with Discovery closes. “With the pending transaction with Discovery nearing close, now is the right time to share with each of you that I will be departing this amazing company,” Kilar wrote in an internal memo to staff on Tuesday. “There are many […]

AT&T CEO John Stankey’s Pay Rises to $24.8M in 2021

AT&T CEO John Stankey made $24.8 million in 2021, compared with $21 million in 2020 and $22.5 million in 2019, according to the company’s filing with the Securities and Exchange Commission unveiled on Tuesday. Stankey received a base salary of $2.4 million last year, compared to $2.05 million in 2020. His stock awards in 2021 […]

AT&T Names Warner Bros. Discovery Board Appointees, Including Ex-BET Chief Debra Lee

Telecom giant AT&T has named its seven board directors for Warner Bros. Discovery, a key step as its spins off WarnerMedia to merge with Discovery. The seven directors chosen by AT&T — with Discovery Inc. set to appoint six directors of its own to the new company’s board — include former BET Networks chair and […]

AT&T Chose WarnerMedia Spinoff for Discovery Merger to Avoid Discounting Stock, CFO Says

Telecom giant AT&T chose to spin off, rather than split off, WarnerMedia in a key step of the entertainment unit’s merger with Discovery to avoid having to “really discount” the merged Warner Bros. Discovery’s stock, AT&T CFO Pascal Desroches told investors Monday. The executive also told the Deutsche Bank Media, Internet & Telecom Conference in […]