|Bid||0.00 x 800|
|Ask||0.00 x 900|
|Day's Range||31.51 - 31.89|
|52 Week Range||31.17 - 39.80|
|PE Ratio (TTM)||6.39|
|Earnings Date||Jul 24, 2018|
|Forward Dividend & Yield||2.00 (6.33%)|
|1y Target Est||37.43|
News of AT&T’s talks to acquire advertising tech firm AppNexus was welcomed by marketers, who are eager to have more options in the online ad sector beyond the dominant players Google and Facebook.
Before AT&T Inc. Chief Executive Randall Stephenson set his sights on Time Warner Inc., he expressed interest in acquiring CBS Corp. and met with Shari Redstone, the executive whose family controls the media company, according to people familiar with the situation. At the New York meeting in 2016, Ms. Redstone, president of National Amusements Inc., which controls about 80% of the voting stock of CBS and its sister media company Viacom Inc., told Mr. Stephenson she wasn’t interested in a deal, the people said.
Chief executives in the media and telecom industries made twice as much as their peers in the S&P 500 even though the group’s performance came up short. The median pay for industry CEOs was $28.7 million in 2017, more than double the overall median of $12.1 million for the heads of all S&P 500 companies, according to a Wall Street Journal analysis of pay data from MyLogIQ LLC. Media and telecom companies posted a median total negative return of 3.8%, compared with a positive return of around 19% for all S&P 500 companies.
Pandora announces a new arrangement with AT&TBloomberg NewsThe Pandora Media application is seen in the App Store on an Apple iPhone. Pandora Media Inc. is one of the best performers in tech this year, with shares up nearly 75%. On the heels of a new partnership arrangement with AT&T Inc. (XNYS:T) Pandora’s (XNYS:P) Chief Financial Officer Naveen Chopra spoke with MarketWatch about how relationships with other tech companies can help the streaming-music pioneer drive more listeners to its products.
Hurricane season is here, and having phone service following a natural disaster can mean the difference between life and death. AT&T T and Verizon VZ are using drones that could help. Verizon has been testing a 200-pound gas-powered drone in Cape May County, New Jersey.
Disney has upped its bid for 21st Century Fox, off the back of pressure from Comcast, which wants Rupert Murdoch’s crown jewels for itself. In the wake of the US district court decision to allow AT&T and Time Warner to merge, the floodgates will be open to a host of new deals, many of which are desperate attempts by old-line companies to avoid having their lunches eaten by the real behemoths of today’s economy — the Silicon Valley giants. Regulators and politicians on both sides of the Atlantic are calling for a crackdown on their monopoly power.
In the election, Mr Erdogan is not only asking for five more years after a decade and a half in power. If he wins, Turkey will also complete a transformation from a parliamentary model of government to a presidential system.
Long-suffering Viacom (NASDAQ:VIA, NASDAQ:VIAB) shareholders found this out recently when the company joined forces with Netflix (NASDAQ:NFLX). Under the agreement, Viacom will produce content for NFLX. CBS (NYSE:CBS) and Warner Bros. have made similar deals with Netflix.
Frontier Communications’ (FTR) number of video customers decreased by ~2.9% sequentially to reach ~1.2 million at the end of the first quarter.
Recent stories on Netflix, Amazon, Hulu and other streaming services reported by The Business Journals and elsewhere.
Media giant Disney (DIS) has recently made a higher bid than rival bidder Comcast (CMCSA) for most of the assets of 21st Century Fox (FOXA). Disney is now offering more than $71.3 billion for Fox’s film, television, and entertainment assets, around 36% higher than its initial bid of $52.4 billion in December. Following the announcement, Comcast shares were up 1.77% to $33.39 on June 20, while Disney closed up 0.99% to $107.15 per share.
The Net Neutrality laws, which were repealed by the Federal Communications Commission (“FCC”) on Dec 14, 2017, finally received the death knell on Jun 11. The newly constructed FCC under Trump administration with Ajit Pai at the helm rescinded the Obama-era open-Internet rules. Notably, the rules had altered the dynamics of the Internet Service Providers (ISP) industry.
Jennifer Fritzsche, analyst at Wells Fargo, discusses the race to 5G technology and AT&T Corp.'s focus on advertising. She speaks on "Bloomberg Markets." (Source: Bloomberg)
AT&T (T) recently announced its new live TV streaming service, WatchTV, amid the growing popularity of online streaming services. AT&T’s WatchTV service is expected to be available for no cost for AT&T wireless customers with unlimited data plans.
SunTrust Robinson Humphrey analyst Matthew Thornton was upbeat Friday about Pandora Media Inc.'s new partnership with AT&T Inc. (t) through which subscribers to a newly announced AT&T unlimited-data plan can get Pandora Premium or one of a few other streaming services for free along with their plan. Thornton estimates that the partnership could help Pandora add about 500,000 new on-demand Pandora Premium subscribers over the next year.
Under the terms of the agreement, AT&T (T) will transfer the ownership of 18 Internet Data Centers in the United States and 13 in international locations to Brookfield.
After the announcement of the completion of AT&T’s (T) acquisition of Time Warner on June 14, the leading wireless service provider launched a new streaming service called AT&T WatchTV, according to CNBC. Initially, the AT&T WatchTV bundle is expected to show free television programming, excluding sports content.
AT&T's CEO is bullish on the future of TV. Netflix shares up 106% this year suggest he should temper his enthusiasm.
AT&T (T), which recently completed the long-awaited $85.4 billion acquisition of Time Warner, is reportedly looking for more content. AT&T is planning to acquire all of Otter Media, an Internet video company. AT&T currently co-owns Otter Media with The Chernin Group.
BT Group BT is the incumbent telecom operator in the United Kingdom. In 2016, it bought EE, the country's largest wireless telecom operator, creating the only company that owns fixed-line as well as wireless telephone networks in the U.K. The U.K. has been slow to move to converged services, but we believe this acquisition will lead BT to push convergence similar to leading operators in several other European countries. BT's scale as the U.K.'s largest fixed-line, broadband, and wireless telecom operator provides the company with a narrow economic moat due to cost advantages.
contain controversial provisions that could be used to withhold compensation to investors if the deal is delayed. The big box retailer sold $8.5bn bonds on Wednesday whose documents contain legal language used recently by other issuers to avoid paying such compensation, in defiance of investor requests that companies stop using the language. At issue are a pair of provisions that have been standard in bond documents for years but which have been used to save issuers cash in recent months and faced criticism as a result.
AT&T Inc. on Thursday unveiled a new video service, called WatchTV, that aims to use a “skinny bundle” of channels to recapture some of the millions of cord-cutters who dropped cable and satellite-TV. The package would offer a small number of TV channels to most subscribers for as little as $15 a month while giving free access to subscribers on unlimited data plans. AT&T said Thursday that the new service will come complimentary with two wireless plans.
Jun.22 -- Jennifer Fritzsche, analyst at Wells Fargo, discusses the race to 5G technology and AT&T Corp.'s focus on advertising. She speaks on "Bloomberg Markets."