AT&T


US gov’t blocks AT&T’s Time Warner takeover

The US Department for Justice (DoJ) has blocked AT&T’s acquisition of Time Warner and filed a lawsuit to prevent it. The justice department has said that the merger, valued at US$85 billion, will reduce competition and raise prices for consumers. Makan Delrahim, the assistant attorney general for the Department for Justice’s antitrust division, said: “It would […]

Fullscreen to shut down SVOD service

Fullscreen Media is due to shut down its Fullscreen subscription video-on-demand service in January 2018. In an email to staff, Fullscreen founder and CEO George Strompolos said that despite its momentum the company had made the difficult decision to close its SVOD service in order to prioritise spending elsewhere. “We came to the conclusion that […]

Audience Network’s programming head exits

The Audience Network’s programming head Chris Long has left the company after near two decades. Long said he is leaving the AT&T-owned US channel to “pass the baton after pioneering one the most unique TV networks on the landscape today and move on to a new challenge”. “For the past 18 years I’ve felt an […]

Game of Thrones fever drives Time Warner growth

The stunning viewing figures for Game of Thrones have pushed Time Warner and its subsidiary, HBO, to significant subscription growth. Premium cable network HBO saw its subscription revenues rise 13% year-on-year, its highest quarterly growth in 13 years. Revenues for the three months to September 30 at HBO were US$1.6 billion, up on the US$1.43 […]

CEO brushes off Comcast concerns

NBCUniversal (NBCU) parent Comcast is in rude health despite a recent stock price drop, according to its CEO. Comcast’s market cap recently fell around US$16 billion after a predicted loss of up 150,000 video customers in Q3 was revealed. Those losses were in part was related to Hurricane Irma battering Florida and Texas, and the […]

AT&T plans reshuffle post Time Warner deal

AT&T is planning organisational changes to follow the US$85.4 billion acquisition of Time Warner Inc. The first move will see a redefined role for CEO Randall Stephenson, according to Bloomberg, which first reported the story. Stephenson will become executive chairman and oversee a pair of CEOs who will independently manage the company’s telecommunications and media […]

Verizon linked with Disney takeover

Verizon may become the latest US telco to buy a major American content company, with a report linking it to a deal for The Walt Disney Company. The NY Post’s On the Money blog quoted sources in the banking and analyst communities suggesting a deal could be on the cards. The rumour was reported doing […]

AT&T CEO: Time Warner deal ‘moving as expected’

Time Warner’s proposed merger with AT&T is “moving along as expected”. The chairman and CEO of US telecoms giant AT&T, Randall Stephenson, told analysts on an investor call his firm was “working closely” with the US Department of Justice to ensure the deal went ahead, and that progress had been made. AT&T announced it had […]

Time Warner shareholders welcome AT&T deal

Time Warner’s shareholders have overwhelmingly approved US telco AT&T’s US$85.4 billion takeover of the company. The vote described the deal as a merger, with 78% of outstanding common stock share votes made in favour of the agreement, and of the overall shares 99% were cast in favour of the proposal. However, the key hurdle for […]

Time Warner shareholders welcome AT&T deal

Time Warner’s shareholders have overwhelmingly approved US telco AT&T’s US$85.4 billion takeover of the company. The vote described the deal as a merger, with 78% of outstanding common stock share votes made in favour of the agreement, and of the overall shares 99% were cast in favour of the proposal. However, the key hurdle for […]

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