AT&T quietly revealed a regulatory filing that its just-acquired DirecTV asset lost 133,000 satellite TV subscribers in the second quarter, putting an appropriate coda on a week in which cord-cutting concerns graduated to panic.
Cable, satellite and telco-based TV operators lost more than 300,000 video customers in the second quarter, a tally on par with the nearly 320,000 subscribers lost during the same period of 2014.
The Pac-12 Network will enter its fourth year-- and fourth college football season-- of operation without a lynchpin carriage deal on DirecTV.
Less than two weeks after AT&T closed its $48.5 billion deal to buy DirecTV, it's crowing about its ability to do what no other U.S. wireless carrier can: sell bundled nationwide TV service. AT&T is offering a discount for its wireless customers to get them to sign up for DirecTV service and is throwing in credits and other benefits to sweeten the offer.
A little over a week after closing its $49 billion takeover of DirecTV, AT&T has already debuted an asterisk-heavy bundled promotion that combines pay-TV and wireless services.
Mark Lowenstein, managing director of Mobile Ecosystem, admits he's never been a big fan of AT&T's $49 billion DirecTV purchase. "Pay-TV is not a growing business, and I believe AT&T's dollars would have been better spent expanding its broadband business in the U.S.," he writes in FierceWireless.
AT&T completed its acquisition of DirecTV last week, about a year after it was first announced. To be honest, I was never a big fan of this move. Pay TV is not a growing business, and I believe AT&T's dollars would have been better spent expanding its broadband business in the U.S. But now that AT&T owns DirecTV and its 20 million U.S. subscribers (plus 19 million in Latin America), what should we expect?
A San Francisco federal court has set a Dec. 5 trial date for a case in which the FTC accuses DirecTV of misleading customers.
The just-consummated merger between AT&T and DirecTV has created the largest pay-TV operator in the U.S. with around 28 million subscribers. But Evercore ISI doesn't believe that scale will enable the combined company to overcome endemic pay-TV problems.
AT&T announced late Friday that its purchase of DirecTV has closed. The news ends more than a year of work by AT&T to purchase the satellite TV provider and creates the nation's largest pay-TV provider by customers. AT&T CEO Randall Stephenson added that AT&T now can offer "video streamed over the Internet to any screen."