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AT&T CFO John Stephens said the layoffs currently affecting WarnerMedia should not be seen as a course correction after the May launch of HBO Max, but rather as a “refocusing” of the company. The executive discussed the reductions of about 600 WarnerMedia staffers and many other topics during an online appearance…

As wireless giants like AT&T, Verizon and T-Mobile continue to push forward with rollouts of 5G technology, the U.S. government is making more wireless spectrum available for the effort. The White House and the Department of Defense said Monday that 100 megahertz of mid-band spectrum will be made auctioned off for…

Layoffs got under way Monday at WarnerMedia, with about 600 staffers departing the company, sources told Deadline. The reductions from a workforce of about 25,000 follow major changes announced late Friday by WarnerMedia CEO Jason Kilar. Among the senior-level employees exiting the company are Jeffrey R. Schlesinger…

AMC Networks has filed a complaint with the Federal Communications Commission accusing AT&T of penalizing the The Walking Dead broadcaster in favor of its own competing channels like HBO and TNT by insisting on "discriminatory" terms to renew its affiliation agreement. AT&T called AMC Networks' complaint “without…

Crunchyroll, the anime specialist now controlled by WarnerMedia, has hit a milestone of 3 million subscribers to its streaming service. GM Joanne Waage, who took the helm of Crunchyroll in late 2018, said the platform has seen accelerating growth. Founded in 2006, it reached 1 million streaming subscribers in 2016 and…

HBO Max had a “flawless” launch in May, according to AT&T CEO John Stankey, who offered investors a few details about the streaming rollout during a conference call with Wall Street analysts on Thursday. The call followed the release of the company’s second-quarter financial results, which saw the company exceed…

AT&T beat Wall Street forecasts for earnings per share in the second quarter, the first full period to reflect the impact of COVID-19 on its operations. Adjusted earnings of 83 cents slipped from 89 cents in the year-earlier quarter, but beat analysts’ consensus forecast for 79 cents. Total revenue met analysts…

With earnings season well under way, AT&T Thursday kicks off a spate of financial reports by media and entertainment companies that will give investors the first close-up look at a quarter dominated by COVID-19. The April-to-June period is likely to see a startling amount of red ink, especially for any players with…

WarnerMedia plans to sell the historic CNN Center in downtown Atlanta — the building attacked last month during a wave of protests — as parent AT&T looks to shed assets to help pare down its massive debt. Plans to unload the property following the AT&T-Time Warner merger had been put on hold but resurfaced Monday in…

The Federal Reserve has acquired bonds of 86 companies led by WarnerMedia parent AT&T and including Comcast, Fox Corp. and Activision Blizzard in a first round of corporate debt purchases to buck up financial markets during the coronavirus pandemic.  The move has helped lower interest rates for companies, including…

AT&T chief financial officer John Stephens said the WarnerMedia parent is "optimistic" about HBO Max three weeks after launch and called the streaming service "a multi-year process, and so far so good," promising to provide subscriber data on the next quarterly earnings call in July. Speaking Wednesday at a CSFB Media…

AT&T is reportedly discussing a sale of its Warner Bros. Interactive Entertainment gaming division, according to numerous reports. The deal could come in around the $4 billion mark and could have a licensing component that would still generate revenue from the intellectual property. Reducing debt is the goal of any…