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After a brutal quarter for traditional pay TV, which saw historic subscriber losses, TV networks are looking around nervously for which distributors can pick up the slack.

But the word from AT&T isn’t encouraging.

In a note distributed on Monday, analysts at UBS took a close look at what AT&T management’s recent comments indicate about the future of its TV business.

“AT&T has indicated it is shifting focus from subscriber growth to profitability and is reevaluating its programming lineups to offer skinnier bundles,” according to the UBS note. AT&T launched its digital TV package, DirecTV Now, in late 2016, and has tolerated bad margins in favor of growth. The service now has almost 2 million subscribers.

Click here to read more about a possible shake-up of AT&T’s DirecTV business.

In other news:

Facebook says its new Portal device is not a ‘data-gathering operation’ despite previously acknowledging it might use your call info to target ads. Facebook previously acknowledged that it would collect information on calls to better target advertising.

$132 million later, Ev Williams says he is raising even more money for Medium. The site currently has 90 million unique users each month, and publishes 20,000 articles per day.

Disney revealed new details about …read more

Source:: Businessinsider – Technology


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