With regulators and the public focused on the proposed merger of the Nos. 1 and 2 cable companies, a preliminary deal combining the biggest phone company in the U.S. with the top satellite TV provider is flying under the regulatory radar.
The Pac-12 Networks will finally arrive on the program guides of DirecTV if AT&T's proposed acquisition of the satellite service passes regulatory muster.
DirecTV shareholders approved the satellite TV provider's proposed merger with AT&T, an action that removes one of the final hurdles to the blockbuster telecom transaction.
DirecTV shareholders are more than okay with the proposed buyout of the company by AT&T. The satellite operator said Thursday that shareholders overwhelmingly approved the merger, with 99 percent voting in favor on a base representing 77 percent of all outstanding company shares.
DirecTV has for several years received critical acclaim in the ad world for funny TV commercials lampooning how life supposedly gets worse when you have cable... and, of course, better when you switch to satellite-based video services. Now, the company is plying a little celebrity to the marketing mix.
Through their joint venture Otter Media, AT&T and the Chernin Group have confirmed their earlier reported intention to buy YouTube programming network Fullscreen. The size of the deal is not yet known, but Re/code puts Fullscreen's valuation at somewhere between $200 million to $300 million.
It's never over until the papers are signed: Raycom is threatening to once again pull its signal off DirecTV.
Belying his company's earlier claims that its proposed purchase of DirecTV could yield synergies of around $1.6 billion in regard to programming acquisitions, AT&T C hief S trategy Officer John Stankey said content costs could actually increase for the combined company if AT&T's ambitious programming goals are realized.
Pending approval of its $49 billion takeover of DirecTV, AT&T will bundle the satellite operator's pay-TV service with a wireless-broadband product capable of delivering download speeds of 15 Mbps and above, then deliver the package via a single dish to rural customers starting in 2015.
An attorneys general probe involving two-dozen states that is examining the legality of Comcast's proposed purchase of Time Warner Cable has been expanded to include AT&T's proposed acquisition of DirecTV.