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DirecTV Drops Russia-Backed RT Channel “Effective Immediately”

Satellite TV firm DirecTV is dropping the Russian government-owned cable channel RT “effective immediately,” in light of Russia’s invasion of Ukraine, and RT’s programming that has been supportive of the effort. “In line with our previous agreement with RT America, we are accelerating this year’s contract expiration timeline and will no longer offer their programming […]

AT&T Completes Spinoff of DirecTV In Deal With TPG

DirecTV is once again a standalone company. Six years after AT&T acquired the satellite TV giant in a $67 billion deal, the company on Monday was officially spun out as a standalone video-centric entity in a deal backed by private equity firm TPG. The new standalone DirecTV also includes customers from AT&T’s UVerse video service, […]

AT&T Premium Video Subscriber Loss Narrows in Second Quarter

Telecom giant and WarnerMedia parent AT&T, led by CEO John Stankey, disclosed  Friday that it lost 473,000 premium video subscribers during the second quarter. It shared the preliminary figures for its DirecTV, AT&T TV and U-verse TV services in a regulatory filing related to its debt. Wells Fargo analyst Steve Cahall, in a first reaction, […]

AT&T to Sell Stake in DirecTV and Video Business to TPG

AT&T will receive $7.8 billion in the deal, which it will use to pay down its mounting debt load.

WarnerMedia Takes $960M Pandemic Earnings Hit, AT&T Loses 627,000 Video Subs

AT&T detailed a more than $1.7 billion financial impact from the coronavirus pandemic to its third-quarter results, including $960 million earnings hit at WarnerMedia, and said it lost 627,000 video subscribers.

AT&T’s New Sale Talks for DirecTV Divide Analysts

With chatter about a potential AT&T sale of pay TV unit DirecTV to private equity firms having returned, Wall Street analysts are revisiting the potential deal – with different conclusions.

Pay TV Subscriber Losses Hit Record Amid Pandemic, Virtual Services “Implode”

It is official: the rise in unemployment and lack of live sports due to the novel coronavirus pandemic has led to a new quarterly record in pay TV subscriber losses, while virtual services like Sling and AT&T TV Now "imploded." Analysts warn that the numbers "will get worse in the second quarter."

AT&T’s WarnerMedia Division Faces Wall Street Skeptics After Earnings

AT&T remains a wireless phone powerhouse, but COVID-19 has upended WarnerMedia and its premium film and TV businesses, judging by its first-quarter earnings.

AT&T Streamer DirectTV GO Launches in Mexico Amid Coronavirus Pandemic

As digital content consumption jumps amid the Covid-19 outbreak, AT&T's streaming service DirecTV GO on Tuesday launched in Mexico.

WarnerMedia CEO Cites “Nominal” Coronavirus Impact

John Stankey, president and COO of AT&T and CEO of Warner Media, on Tuesday talked about the impact on the phone and media giant from the coronavirus outbreak, including supply shortages of iPhones and other handset brands after factory shutdowns in China.

AT&T Loses 1.16M Streaming, Pay TV Subs, HBO Max Hits WarnerMedia Earnings

Telecom giant AT&T reported fourth-quarter financials, disclosing that it lost 219,000 subscribers at its AT&T TV Now streaming service and 945,00 premium TV subscribers. WarnerMedia's earnings were hit by investment and $1.2 billion in foregone revenue tied to upcoming streamer HBO Max.

AT&T CFO John Stephens Says TV Customer Losses Have “Peaked”

Under pressure from activist investor Elliott Management to turn around its business performance, AT&T CFO John Stephens on Tuesday said he expected fewer future TV customer losses for the telecom giant.