OAN owner Herring Networks could take a more than $1 billion hit from AT&T and DirecTV’s decision not to renew, according to the suit.
For a company that traces its history back to Alexander Graham Bell’s invention of the telephone in 1876, it’s an uncomfortable spotlight.It said Herring Networks expanded its relationship with AT&T in 2019 when it entered into an “exclusive” advertising agreement with subsidiary ad business Xandr that doesn’t expire until 2024. Microsoft“As a result, Herring is locked into an advertising agreement requiring AT&T services to be the exclusive advertiser for OAN ...
Since DirecTV announced it wouldn’t renew its contract with OAN, the suit said, the network has been told by an unnamed but “major” TV provider that it may not renew either.. Dom is a staff writer covering business news and consumer-focused companies in North Texas.
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