Latest in AT&T

AT&T CEO John Stankey said managing passwords is a key to long-term sustainability in the streaming business and something he and his team had in mind well before HBO Max launched. He made the comments on a call with analysts following AT&T’s latest earnings and two days after Netflix revealed that 100 million viewers…

HBO Max and HBO had 76.8 million global subscribers as of March – up by 3 million from the previous quarter and 12.8 million from the year earlier. Domestic subscribers of 48.6 million rose 4.4 million year-on-year, AT&T said, reporting its last quarterly numbers as parent of WarnerMedia. WarnerMedia merged with…

Shares in Warner Bros Discovery gained more than 5% to finish the trading day at $25.97 after earlier rising as much as 11% with a few more bulls piling  into the new stock. It is just the third day of trading for WBD, which moved sideways yesterday after starting off on Monday at $24.08. WarnerMedia formally spun off…

UPDATED with closing price: Warner Bros. Discovery shares had a volatile debut, rising early in the session, heading lower then ending the session higher as financial analysts dissected the newly combined entity following the deal’s close on Friday. Reports out today – and more will follow – range from a thumbs-up on W…

According to John Oliver on Last Week Tonight, One American News (OAN) has a legal bone to pick with him. Back in January 2022, DirecTV planned to drop One America News Network (OAN), the right-wing channel known for its pro-Donald Trump coverage and commentary which was picked up by DirecTV in 2017. Losing…

The final bow has been placed atop the $40 billion merger of WarnerMedia and Discovery, forming one of the largest pure content players in the media business. The AT&T spinoff maneuver formally closed late Friday, and Monday will see Warner Bros Discovery stock begin trading, under the ticker symbol “WBD.” Discovery…

Discovery and WarnerMedia have closed their long-awaited mega-merger, creating a top-scale media player and streaming contender and ending an ill-fated foray into entertainment by AT&T. The combination will unite such disparate assets as HBO, CNN and the nearly 100-year-old Warner Bros film studio with unscripted…

AT&T CEO John Stankey, who decided last spring to spin off WarnerMedia into a $43 billion merged entity with Discovery, has sent a bouquet to WarnerMedia staff as the deal gets set to close. In a memo to staff (read it in full below), Stankey praised the “remarkable body of work” accrued by WarnerMedia in the nearly…

WarnerMedia CEO Jason Kilar, who is stepping down this week before the company’s merger with Discovery closes, takes pride in being “first over the wall” with a day-and-date streaming movie strategy. The company stunned the industry at the end of 2020 by announcing the entire 2021 Warner Bros slate would stream on HBO…

AT&T has firmed up more details of its spinoff of WarnerMedia, which is poised to combine with Discovery in a $43 billion merger. In an SEC filing, the telecom giant said it will issue its shareholders a special dividend on April 5. For each share of AT&T common stock, holders will get 0.24 share in Warner Bros…

AT&T chief executive John Stankey's compensation totaled $24.8 million last year, up from $21 million the year earlier. According to a proxy statement filed with the SEC, retired CEO Randall Stephenson made $16.3 million in 2021 (down from $29 million). Stephenson stepped down as CEO after 13 years at the helm in July…

Discovery and AT&T have determined the 13 members of the board of directors for Warner Bros Discovery, the new company that will be created via a pending $43 billion merger. The board includes many existing directors for Discovery and AT&T, parent of WarnerMedia and soon to be a partner in the new entity. Samuel Di…