Latest in AT&T

In a conference call with Wall Street analysts, AT&T CEO John Stankey defended the decision to separate HBO Max from Amazon’s channels business. While the move last year caused a significant short-term loss of subscriber momentum, the gain in control of data and customer insight will pay off in the long term, the…

HBO Max closed 2021 with 46.8 million domestic subscribers when combined with linear HBO, an annual gain of 5.3 million over 2020, parent AT&T disclosed in its fourth-quarter earnings report. Globally, subscriber levels increased 13.1 million last year to 73.8 million by year-end, as the company had reported earlier th…

DirecTV plans to drop One America News Network, the right-wing channel known for its pro-Donald Trump coverage and commentary. The satellite provider, one of the largest distribution outlets, also plans to drop another channel, AWE, from OANN parent Herring Networks "We informed Herring Networks that, following a…

Discovery stock jumped today as a formerly skeptical Wall Street is increasingly out pounding the table for the stock ahead of the David Zaslav-led company’s merger with WarnerMedia. The shares topped $30 during the session before closing at $29.34, up 2%. The upswing continued a rally that started last week on an…

UPDATED with closing price. AT&T’s beaten-down stock rose more than 2% today to reach a three-month high on strong subscriber numbers and auspicious signs for the pending WarnerMedia-Discovery deal. The $43 billion combination of WarnerMedia and Discovery in a spinoff from AT&T less than three years after the $85.4…

UPDATED with executive comments. HBO Max and HBO combined for 73.8 million global subscribers by the end of 2021, ahead of company projections for 70 million to 73 million. In a brief interview with Deadline, WarnerMedia CEO Jason Kilar called 2021 “the year that HBO Max broke through.” He said the service is now in…

EXCLUSIVE: Accusing AT&T of "callous gamesmanship," SAG-AFTRA has filed suit against the giant media and telecommunications conglomerate in a dispute over nearly $5 million in residuals and other compensation allegedly owed to actors who appeared on Mr. Mercedes, the TV series based on the Stephen King novel that…

Discovery said Wednesday that the European Commission has granted unconditional antitrust clearance of the company's proposed acquisition of AT&T’s WarnerMedia business. "Approval from the European Commission is a key milestone toward completing our proposed transaction with AT&T," said Discovery CEO David Zaslav, who…

AT&T Tuesday said it’s agreed to sell its global programmatic advertising marketplace, Xandr Microsoft.  It said the agreement builds on a decade-long relationship between Xandr, including its predecessor companies, and Microsoft in the sector. “As the digital landscape evolves in a post-cookie world, Microsoft and…

A mammoth SEC filing by Discovery today offers some tidbits on its upcoming merger with WarnerMedia – like the new Nasdaq stock symbol, WBD – and pages detailing back-and- forth calls between David Zaslav and AT&T CEO John Stankey starting in February when the Discovery boss first reached out. They spoke, they met in…

AT&T CEO John Stankey said the approval process for a deal to shed WarnerMedia and merge it with Discovery "is consistent with what we would have expected as we walked into it." Speaking on the company's third-quarter earnings call, the executive said, "We are moving through the steps with the various regulatory…

AT&T’s third-quarter results topped Wall Street estimates despite an expected loss of HBO Max subscribers in the U.S. due to a shift away from Amazon Prime Video Channels. The telecom giant on Thursday reported total revenue of $39.9 billion, down nearly 6%. The company blamed the downturn on the divestiture of…