A new standalone company with a familiar name – DIRECTV – has been formed by AT&T Inc. and TPG Capital. The previously announced deal closed yesterday. TPG Capital is the private equity arm of the global alternative asset firm TPG….
Directv
With TPG Deal, AT&T Moves On From Traditional Video Business
Many consumers may not realize that DIRECTV is now owned by AT&T, and now they may never need to know. AT&T said today that it will sell 30% of DIRECTV and related AT&T linear video businesses to TPG Capital and…
First of its Kind FCC Retransmission Fine Decision Sets Stage for Future Fines Against Broadcasters
The FCC has proposed fines exceeding $500,000 apiece for 18 television station licensees that were the focus of a complaint by AT&T involving negotiations for the retransmission fees that AT&T must pay to carry the stations’ content. The new FCC…
AT&T CEO: Video Strategy is Key But Path Won’t Be Easy
Although AT&T has been facing a range of critics for the company’s video strategy and has had some disappointments on that front, AT&T CEO John Stankey continues to see video as key to the company’s strategy. At an online financial…
Video Cord Cutting Report: Top Pay-TV Providers Lost 5 Million Subscribers in 2019
Video cord-cutting continues at a fast pace, with the largest pay TV providers in the U.S. losing just under 5 million subscribers in 2019, more than three times the number in 2018, according to a new report from Leichtman Research…
Stankey: AT&T TV Could Drive Fiber Upgrades; Seeds Sown for HBO Max
AT&T is more likely to upgrade broadband network infrastructure to fiber now that it has launched AT&T TV, said AT&T President and Chief Operating Officer John Stankey at an investor conference today. The company might consider adding 1 million to…
AT&T TV Nationwide Launch Accelerates Shift to Streaming Video Away from Directv, Starts at $39.99
AT&T TV, the company’s live streaming video offering, launched nationwide today at prices as low as $39.99 monthly for the basic offering when purchased in combination with AT&T gigabit internet service on a 24-month contract. The gigabit service costs an…
CFO: AT&T “Optimistic” That Video Losses Peaked Last Quarter
AT&T Chief Financial Officer John Stephens told attendees at an investor conference today that the company is “optimistic” that its video losses have peaked. The company saw a net loss of over 1.7 million video subscribers in the third quarter…
Report: AT&T Leads Record Pay-TV Losses, Industry Loses Over 1.7 Million Subscribers
New research from the Leichtman Research Group found that pay-TV providers representing about 93% of the market lost approximately 1.74 million net video subscribers during the third quarter of the year. That’s considerably worse than the 975,000 pay-TV subscribers lost…
Sinclair Broadcast Group Reaches Agreement With AT&T
BALTIMORE, Oct. 17, 2019 /PRNewswire/ — Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), and AT&T have agreed on a multi-year agreement across DIRECTV, AT&T TV and U-verse for continued carriage of Sinclair’s owned local broadcast stations and Tennis Channel, for future carriage of Marquee…
Sinclair Goes on the Offensive in Retransmission Dispute with AT&T
Content provider Sinclair Broadcast Group went on the offensive in a retransmission dispute with AT&T today, issuing a press release that attempts to portray AT&T in a bad light in its role as pay-TV provider. “Millions of AT&T U-verse, DIRECTV…
AT&T Investor Lawsuit Alleges Company Faked DirecTV Now Sales
AT&T and its senior leadership are being sued for what plaintiffs charge is the fabrication of thousands of customer accounts at its DirecTV business and then issuing misleading statements about the health of its flagship streaming product. According to the AT&T…
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