In a candid interview, John Stankey said his predecessor failed to recognize the trend of cord-cutting for what it was.
AT&T’s chief executive said a CNN Plus streaming service is on the way, and that it’s necessary to unlock value ahead of WarnerMedia’s merger with Discovery.
A cheaper, ad-supported version of AT&T’s streaming service HBO Max is set to launch in June, executives at the company confirmed last week.
The gap between customers who have access to HBO Max and those who don’t is starting to close
Still a fraction of the number of overall subscribers to HBO, but it’s progress.
The two sides are close to reaching a deal that would bring native support for HBO Max to more than 40 million Roku users.
More than 1,000 people are expected to lose their jobs at AT&T this week, according to a memo sent to some employees on Tuesday.
AT&T’s CEO criticized Roku and Amazon for choosing to enforce commercial agreements made with the telecom over the distribution of HBO several years ago.
The move is intended to satisfy agreement with cable companies that require no commercials in new HBO programs.
AT&T will ease marketing initiatives for its satellite television platform DirecTV to most customers, with limited exceptions, a company executive said this week.