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“#How Stank steered AT&T into multibillion-dollar disaster” On Friday, May 14, just hours before the telecom and media world was turned upside down, the two men at the center of that upheaval, AT&T chief John Stankey and his deal-making wingman and former boss, Randall Stephenson, met for a quiet dinner in Dallas, the home of…
“#Condé Nast may have a place in the Warner Media/Discovery merger” The billionaire Newhouse family’s significant stake in Discovery Inc. has some media watchers speculating that the magazine empire behind Vogue, the New Yorker and Vanity Fair could soon be folded into the entertainment juggernaut being formed by David Zaslav. On Monday, Discovery announced plans…
“#Ex-TikTok CEO seen as contender for Discovery-WarnerMedia streaming” As the ink begins to dry on the mega merger between AT&T’s WarnerMedia and Discovery, two big questions have surfaced: 1) Who will run their new powerhouse streaming service, and 2) How much will it cost to get rid of the current guy? Kevin Mayer — who…
“#WarnerMedia-Discovery merger raises streaming questions” WarnerMedia’s deal to merge with Discovery will create a single, formidable new streaming service to compete with Netflix and Disney+ — or then again, maybe it won’t. Either way, the deal is expected to lead to savings for people who subscribe to both HBO Max and Discovery+, experts say. Currently,…
“#AT&T execs roll their eyes as Elliott Management takes victory lap on $43B merger” Some higher ups at AT&T aren’t too happy about billionaire Paul Singer’s hedge fund’s response to their $43 billion media merger on Monday. “Elliott Management is taking a victory lap even though they had nothing to do with getting this deal…
“#WarnerMedia-Discovery merger could save CNN’s Jeff Zucker: sources” David Zaslav — the always-working, fleece-wearing chief executive officer of Discovery — is expected to run the new media conglomerate he’s forming with AT&T with a little help from his friends. And that could lead to some of the top media executives who failed to thrive under…
“#AT&T signing $43B deal to combine media business with Discovery” Telecom giant AT&T on Monday announced a deal to spin off its content unit WarnerMedia and merge it with Discovery, creating a massive studio that could compete with streaming rivals Netflix and Disney. The two companies said AT&T will receive $43 billion in a mix…
“#AT&T profits surge as wireless unit, HBO Max add customers” Shares of AT&T rose Thursday after the telecom giant’s first-quarter results topped analyst expectations. The company’s wireless division, its largest unit, added 595,000 phone customers who pay a monthly bill, up from 163,000 in the same period in 2020. It also added 207,000 prepaid phone…
“#HBO Max expects as many as 150 million subscribers by 2025” AT&T said Friday that it anticipates massive growth from its new HBO Max streaming service as it expands internationally and offers a cheaper, ad-free option. HBO, whose HBO Max streaming service launched on May 27 of last year, is expected to grow its global…
“#DirecTV to become standalone company through $16B AT&T, TPG deal” Telecom giant AT&T has inked a deal with private equity firm TPG that calls for struggling satellite TV provider DirecTV to become a standalone company. The deal calls for AT&T to sell a 30 percent stake in DirecTV, AT&T TV and its U-Verse to TPG…