- BusinessDallas Business Journal•yesterday
AT&T – which is expected to premier its streaming service DirecTV Now later this year – will work to make streaming its primary TV platform by 2020, according to a report from Bloomberg. Under the timeline, set-top boxes and satellite dishes could be obsolete in three to five years, according to the report, which cites people familiar with the plans. Dallas-based AT&T (NYSE: T) has claimed no allegiance to satellite TV technology from day one of its $48.5 billion acquisition of DirecTV, but it hasn’t publicly provided any definitive answers or a timeline on a migration of its 25 million video subscribers toward the software-centric future of TV. The company has, however, said it has much to gain
- BusinessMarketWatch•2 hours ago
Shares of Chesapeake Energy Corp. plunged in active trade Tuesday, as Carl Icahn appears to be losing interest in the natural gas and oil company after years of being one of its biggest supporters. The company (CHK) disclosed in a regulatory filing that Vincent Intrieri, a senior managing director at Icahn Capital, had resigned from the board of directors, effective Monday. Icahn didn't immediately respond to a request for comment.