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Shares of AMC Networks, Viacom and Discovery fall after AT&T drops channels from new DirecTV offerings

Sarah Toy

Shares of AMC Networks Inc. , Viacom Inc. and Discovery Inc. were down Wednesday after AT&T Inc. announced it would be dropping channels from those companies from its new DirecTV streaming packages. Viacom stock fell 4.1%, while Discovery fell 5% and AMC Networks fell 5.3%. AT&T said the two new DirecTV Now packages, called Plus and Max, would include HBO. A Plus package will cost $50 a month, AT&T said, while Max will cost $70 a month. Shares of AT&T were down 0.9% on Wednesday.