Connect with us


AT&T Books $15.5 Billion Charge on DirecTV Unit – The Wall Street Journal

Legacy television unit weighs on conglomerate even as it adds HBO Max and phone subscribers



post featured image

AT&T Inc. booked a $15.5 billion charge on its pay-television business, reflecting the damage cord-cutting has taken on its DirecTV satellite unit even as the companys HBO Max streaming services growth ramped up.
The write-down created a fourth-quarter loss as the media-and-telecommunications giant weighs the potential sale of its pay-TV assets and executives focus their investments on newer technologies. The company reported quarterly revenue declines in its legacy-video and WarnerMedia units,…

Click here to view the original article.

Continue Reading

You might also like ...

Article feature image
Highways that destroyed Black neighborhoods are crumbling. Some want to undo that legacy – CNN
Article feature image
Op-ed: A digital dollar would help the U.S. and its allies keep China in check – CNBC
Article feature image
1 of 2 people shot outside Lehigh Valley Walmart has died –