AT&T CEO Defends WarnerMedia Strategy, Addresses Activist Investor’s Letter

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AT&T CEO Defends WarnerMedia Strategy, Addresses Activist Investor’s Letter
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  • 📰 Variety
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AT&T chairman and CEO Randall Stephenson defended the $85 billion deal for Time Warner as the right strategy for the company in response to criticism from an activist investor. Consumers are wa…

AT&T chairman and CEO Randall Stephenson defended the $85 billion deal for Time Warner as the right strategy for the company in response to criticism from an activist investor. Consumers are watching more content and more of that viewing is digital, so combining a telecommunications company like AT&T with a content powerhouse like WarnerMedia is [...]The entertainment and sports media company Whistle and the digital content studio OTRO have announced a multi-year commercial partnership.

NBCUniversal will draw on its news, sports, cable unscripted and Spanish-language divisions to provide an array of programming beyond scripted series for the launch of the streaming platform that has been dubbed Peacock. Nine months after she was tapped to lead NBCUniversal’s charge into the streaming wars, Bonnie Hammer on Tuesday offered the first glimpse [...

Sofar Sounds has made a name and a business for itself by staging “secret gigs and intimate concerts” featuring emerging artists for an invited, engaged audience — but as detailed in an article in the Talkhouse and a subsequent report in Variety, its model is problematic because it has generated millions in funding yet relies [...]Edward Rostohar, the longtime manager of the CBS Employees Federal Credit Union, was sentenced on Monday to 14 years in prison for embezzling $40 million.

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