AT&T replaces CEO who did expensive acquisitions

AT&T replaces CEO who did expensive acquisitions

Veteran John Stankey will take over as AT&T CEO, on July 1 from Randall Stephenson. Stephenson has been criticized for controversial acquisitions of DirecTV and Time Warner which gave AT&T a large amount of debt. Stankey has been COO.

Skeptic
Skeptic
A.J.
A.J. 4 weeks

AT&T aquired Time Warner Media a couple years ago giving them access to a ton of different media platforms like Warner Bros. Studios, HBO, TNT, TBS, Cartoon Network and as the title states CNN. President Trump had said back in 2015/16 that he was going to do everything in his power to block the merger from happening given the way "CNN treats him".

Paul C
Paul C 4 weeks

Up until seeing this story had no idea that AT&T had anything to do with CNN. That seems like a very odd combination of businesses.

Monta
Monta 0 months

You state this as though the two are connected. What is the relationship??

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