MoffettNathanson downgraded both Verizon and AT&T, saying shares of both companies "have very substantially outperformed" in recent months despite major challenges in the U.S. mobile market.
After rival operators rebuffed its offer of a one-year, 30-percent discount on its carriage-starved regional sports network, SportsNet LA, Time Warner Cable has offered a revised six-year deal that more gradually raises the price of the channel, according to the Los Angeles Times.
DirecTV and Cox do not appear to be enticed to sign a carriage agreement with Time Warner Cable after the MSO lowered the price of its SportsNet LA channel by 30 percent.
Time Warner Cable has come out swinging ahead of the 2016 Major League Baseball season, offering a 30 percent discount on its carriage-starved SportsNet LA regional sports network.
AT&T has been sued by Herring Networks for $100 million, with the indie programmer alleging the DirecTV operator reneged on promises to carry its networks in exchange for supporting its purchase of of the satellite TV company last year.
DirecTV has restored service after a two-hour outage knocked both HD and SD channels offline across the nation Tuesday.
More than 2 million customers have signed up for the unlimited data plan AT&T launched less than two months ago, CFO John Stephens said this morning.
The new CEO of AT&T's entertainment business said that the carrier is working to combine the sale of content and video services alongside its wireless offerings, just like the carrier and its rivals have done in year's past on the wired Internet side of the telecommunications market.
Speaking to investors a day after his company announced new game-changing IP-only products for its DirecTV platform, AT&T Entertainment Group CEO John Stankey said his company is aiming to "get to a common middleware," able to use the leverage of its 26-million-strong customer base to economically "deliver content to all platforms."
AT&T became the last major pay-TV operator to tout — or test — a virtual video delivery system, announcing that three IP-only DirecTV tiers will debut later this year.