By Angel Adegbesan Despite spending billions of dollars on the rollout of the 5G high-speed network, investors are showing no love to the companies in the wireless communications sector. While the S&P 500 has risen 20% since February, AT&T (T) has...
As streaming giants like Netflix and Hulu steal the stage, traditional pay TV is struggling to keep up. In AT&T’s corner, DirecTV is hemorrhaging satellite subscribers. “We’ve launched our last satellite,” John Donovan, CEO of AT&T Communications, told...
AT&T CEO Randall Stephenson made a $67 billion bet on the media business in his acquisition of satellite tv provider DirecTV. Three years later, Stephenson doubled down on entertainment by paying even more–$80 billion– for Time Warner, in an effort to...
Investment Journal
Welcome to Investment Journal, a site covering the world of business right from Times Square. The site is produced by reporters at the New York City News Service and the Craig Newmark Graduate School of Journalism at CUNY. Email your comments to greg.david@journalism.cuny.edu.