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The broad restructuring at WarnerMedia is a "natural progression" for the media conglomerate to hone its focus on HBO Max, according to John Stephens, AT&T's chief financial officer.
AT&T's Warner Media will cut jobs as the company restructures amid COVID-19 challenges, according to reports. The Yahoo Finance On the Move panel discusses. ... October 9, 2020 at 12:44 PM ...
AT&T CEO John Stankey positioned the proposed merger of WarnerMedia and Discovery as letting the companies — and their investors — better tap into the global direct-to-consumer opportunity, by ...
The proposed deal would give AT&T significant holdings in the media industry. AT&T's competitor Comcast had previously acquired NBCUniversal in a similar bid to increase its media holdings, in concert with its ownership of television and internet providers. [85] [86] [8] On October 22, 2016, AT&T reached a deal to buy Time Warner for $85.4 billion.
AT&T on Thursday reported solid results for its final quarter of full ownership of WarnerMedia, but its stock plunged after the company lowered its outlook for full-year free cash flow. Excluding ...
This week, the AT&T/Time Warner era will officially come to a close. As Discovery combines with Warner Bros., it will mark an end to one of the most disastrous mergers in media history, perhaps ...
The entertainment outfit has seen multiple staff reductions since the acquisition of Time Warner closed in 2018. WarnerMedia Starts New Wave Of Layoffs, As CEO Jason Kilar Calls Process “Painful ...
In the wake of a mega-deal with Discovery that seems primed to shake up the media landscape, AT&T chief John Stankey and WarnerMedia CEO Jason Kilar urged employees to stay focused on their jobs ...