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UPDATED with ViacomCBS statement: Nearly two weeks after the Capitol siege prompted a host of companies to suspend political contributions to those opposing the certifying of President-elect Joe Biden’s victory, ViacomCBS has joined the list. "ViacomCBS supports peaceful civic engagement and the orderly transition of…

AT&T as expected is phasing out its AT&T TV Now skinny bundle, announcing Tuesday that the service has merged with AT&T TV as it continues to streamline its video offerings. The company's site touted AT&T TV as "the best live and on demand experience" with no annual contract, simple pricing and no hidden fees…

UPDATED with Sony CEO comments. John Stankey, CEO of AT&T and an industry figure who had a high-profile tangle with the administration of President Donald Trump, issued a statement decrying the “appalling insurrection” in Washington. While the statement doesn’t name Trump, it does congratulate Joe Biden and Kamala…

John Stephens, the outgoing CFO of WarnerMedia parent AT&T, defended the company's move to release its 2021 film slate concurrently on HBO Max and in theaters and cited Warner Bros. century-long relationship with Hollywood talent — with some disgruntled at the move and the way it was communicated. "We’ve got a long…

Shares of Discovery, which launched its new global streaming service today, and WarnerMedia parent AT&T, were standouts among media stocks Monday as the market seesawed. Discovery was up by 1%, as Discovery+ debuted as a comfort-food, non-scripted alternative to rival services that rolled out throughout the past year…

WarnerMedia parent AT&T has received bids for DirecTV that value the satellite broadcaster at more than $15 billion, according to a report Wednesday in the Wall Street Journal. The shares were up more than 2% in a down market. Later in the day, the highly-indebted company announced the sale of its popular anime busines…

HBO Max, which closed the third quarter at 8.6 million activated subscribers in the U.S., has added another four million to reach 12.6 million as of early December, according to AT&T CEO John Stankey. In a keynote appearance today at the UBS Global TMT Virtual Conference, the executive said total hours of engagement…

AT&T CEO John Stankey made his first comments on the WarnerMedia/HBO Max streaming bombshell as the shockwaves continued Friday. The move to put the studio’s entire 2021 slate on HBO Max at the same time as theaters is “an appropriate decision for the moment we’re in,” Stankey said in an interview streamed on the Washi…

"There is no way to sugarcoat this for the theater operators," said one Wall Streeter as exhibition stocks plunged Thursday on WarnerMedia's bombshell – a reimaging of its entire 2021 release slate that hit an exhibition industry already teetering on the brink. Cinemark shares– up earlier in the session — lost nearly…

WarnerMedia Wednesday named Jennifer Biry chief financial officer, replacing Pascal Desroches, who it was announced earlier this month will become CFO of parent AT&T. Biry, finance chief for the AT&T Communications group mobility and entertainment businesses, will lead all financial operations for WarnerMedia…

AT&T CFO John Stephens described the groundbreaking simultaneous release of Wonder Woman 1984 in theaters and on HBO Max as “a win-win in a difficult situation.” In an online appearance Friday at the Morgan Stanley European Media, Tech and Telecom Conference, he complimented WarnerMedia CEO Jason Kilar and his staff…

John Stephens will retire as CFO of AT&T next March, ending a 28-year run at the company, and will hand the reins to WarnerMedia CFO Pascal Desroches. The change is slated to take effect on April 1. It comes as AT&T continues to work to lower its debt load and steer WarnerMedia through a major restructuring effort. A…