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“#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…
“#AT&T takes $15.5B charge on struggling DirecTV business” AT&T logged a hefty $15.5 billion charge on its flailing DirecTV unit, which has been pummeled by cord-cutting even as the company’s new streaming service HBO Max continues to grow. The telecom giant said Wednesday that the writedown spurred a fourth-quarter loss as the firm signaled it…
“#AT&T disappointed with offers for DirecTV” AT&T’s attempt to unload DirecTV has been thrown into doubt, as the telecom giant has signaled it’s unhappy with the offers it has received for the struggling satellite-TV service, The Post has learned. Earlier this month, AT&T pushed back a deadline for final bids for DirecTV into January —…
“#Roku stock jumps after inking deal to carry HBO Max” Shares of Roku rose nearly 7 percent in early-day trading Thursday after the biggest US streaming TV provider agreed to carry AT&T’s new streaming service, HBO Max. The deal puts an end to a long impasse that kept the video service from reaching a larger…
“#Warner Bros. to show 2021 films in theaters and on HBO Max at same time” Warner Bros. Studios on Thursday announced that it will make all of its 2021 films available in theaters and on the HBO Max streaming service starting on the same day, an unprecedented shift in response to the coronavirus pandemic. The…
“#WarnerMedia begins ‘painful’ but ‘critical’ wave of layoffs” HBO owner WarnerMedia has kicked off a significant round of layoffs as the company battles steep financial losses related to the pandemic. WarnerMedia chief executive Jason Kilar emailed staffers Tuesday morning, calling the layoffs “painful” but “critical” to the division’s health. Although he did not say how…
“#AT&T reportedly considers selling big minority stake in DirecTV” AT&T is in talks with private-equity firms to sell a “significant” minority stake in its pay-television businesses including DirecTV, according to a report. A number of private equity firms including Apollo Management are said to be submitting bids for the units, which also include AT&T U-Verse…
“#HBO owner AT&T squeezed by losses in entertainment unit WarnerMedia” AT&T’s third quarter earnings were dragged down by the entertainment assets its recently acquired from Time Warner even as its new streaming service, HBO Max, continued to gain subscribers. The telecom giant behind Warner Bros. film studios and HBO said its profit for the three…
“#Channing Dungey named chairwoman of AT&T’s Warner Bros. TV” Former ABC network executive Channing Dungey will take over as chairwoman of Warner Bros. Television Group, the AT&T unit said Monday, replacing veteran television executive Peter Roth, who will step down next year. Dungey, who is currently vice president of Original Series at Netflix, has previously…
“#DOJ shoots down DirecTV and Dish merger again” Charlie Ergen’s dream of merging his Dish Network with AT&T’s DirecTV has been squashed by the Department of Justice — yet again, The Post has learned. Regulators with the DOJ’s antitrust division recently informed executives of AT&T that a marriage between DirecTV and Dish would likely have…