How much did AT&T lose on Time Warner and DirecTV?
Months before it sold Warner Media to Discovery, it spun off the satellite broadcaster DirecTV, another prong in AT&T's media strategy, with a loss to shareholders of about $49 billion. By The Times's calculation, between the Time Warner and DirecTV deals AT&T has squandered close to $100 billion!!!
How do we lose soooo much money and still have the same dum dums at the helm!???
6 replies (most recent on top)
Stankey honestly believes $135B is pocket change to AT&T. This debt will be the undoing of AT&T.
Stankey and Stephenson will make AT&T great again
We could put fiber to every house and business in North America for what these geniuses have lost in mergers and acquisitions. This company needs a buyer to come in and clean house. That is the only thing that will change the trajectory. Unfortunately, that will give the current leaders 8 figure golden parachutes and will cost a lot of good people their jobs.
Wow, you win some, you lose some.
Stankey and Stephenson are not capable of running a sidewalk lemonade stand successfully.
If the BOD put somebody else in charge they would be gone and lose their part time $500,000 a year gigs. Very little turnover in the BOD. Its a total scam.