1. AT&T CEO Defends WarnerMedia Strategy, Addresses Activist Investor’s Letter

    AT&T CEO Defends WarnerMedia Strategy, Addresses Activist Investor’s Letter

    AT&T chairman and CEO Randall Stephenson defended the $85 billion deal for Time Warner as the right strategy for the company in response to criticism from an activist investor. Consumers are watching more content and more of that viewing is digital, so combining a telecommunications company like AT&T with a content powerhouse like WarnerMedia is the right vertical integration play, Stephenson said, speaking at Goldman Sachs’ Communacopia conference Tuesday in New York...

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  2. Quotes

    1. If you had asked me that question [about vertical integration] five years ago, I probably would have been hard-pressed to make a case for why that makes sense.
    2. Content is king, I'm an evangelical on that.
    3. We said, we can't just sign these price escalators.
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