AT&T Loses 195,000 DirecTV Now, 1.16M Pay TV Subs, Promises 'Portfolio Review,' 'No Major' M&A
Telecom giant AT&T on Monday said it lost 195,000 subscribers at its DirecTV Now streaming service in the period after a 168,000 loss in the second quarter and lost another 1.2 million premium TV subscribers at DirecTV and U-Verse.
The service had lost 83,000 subscribers in the first quarter and 267,000 drop in the fourth quarter of 2018. It ended September with 1.1 million subscribers. WarnerMedia, led by CEO John Stankey, continued to face a potential subscriber headwind at HBO amid a continued blackout on pay TV giant Dish Network. Meanwhile, the Warner Bros. film unit's key release in the third quarter was AT&T will on Tuesday host its formal coming out for the planned HBO Max streaming service in Burbank where it is expected to share the service's pricing and other details.
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