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...The payments — as well as consulting fees AT&T paid to former chief executive Randall Stephenson — “all have occurred amid ongoing underperformance relative to peers and the broader market”, BlackRock said...
...Stankey was promoted to chief executive of AT&T last year, taking over from Randall Stephenson, who had tried to go toe-to-toe with Hollywood producers by acquiring Time Warner, securing an asset that had...
...Apple and Amazon could make a move at some point to buy the combined Warner-Discovery soon after they merge....
...The deal also reflects Stankey’s lack of sentimentality in offloading the legacy of his predecessor, Randall Stephenson....
...Randall Stephenson, former chief executive, acquired DirecTV for nearly $50bn in 2015, in what turned out to be one of the worst moves in a number of acquisitions by the since-retired executive....
...“Everybody who came from Time Warner hated being part of AT&T, it’s just a fact . . . we were seen as the guys wearing suits and they, the Warner guys, were the cool ones.”...
...It also looked at options for disposing of Warner’s gaming decision, but pulled back from a sale. This article has been amended to clarify when AT&T bought Time Warner....
...Randall Stephenson, the AT&T chairman and chief executive who made its $85bn bet on entertainment with the acquisition of Time Warner, will hand over in July to John Stankey, the man charged with making...
...Perhaps Randall Stephenson will use his new-found free time to binge watch HBO and Time Warner programmes....
...John Stankey, who took over as chief executive in April when Randall Stephenson stepped down, said the company would continue to push hard on cost cutting in the weaker areas at the same time as investing...
...Warner Music earlier this month sold $1.9bn of stock. Grocers have been clear corporate winners in the pandemic....
...He is also rumoured to be a potential successor to AT&T chief Randall Stephenson....
...Time Warner, since rebranded as WarnerMedia, has fared better thanks to the strength of assets including HBO, Warner Bros and CNN....
...Another looming point of contention is over who will replace AT&T chief executive Randall Stephenson, who is expected to retire as soon as next year....
...The steps agreed by the US telecoms and media group include paying off debt raised for last year’s $80bn takeover of Time Warner, searching widely for an eventual successor to Randall Stephenson and splitting...
...Per the truce, AT&T has committed to a portfolio review to sell up to $10bn in assets, two new board members and a wide-ranging search for a successor to chief executive Randall Stephenson....
...Through an $80bn takeover of Time Warner, the Texas-based phone company now controls HBO, the Warner Bros film studio, and a trove of TV channels....
...Unveiling second quarter numbers, boss Randall Stephenson described how expeditiously his company is slashing its debt, which still totals $170bn....
...Under Mr Stephenson, who took the helm in 2007, AT&T has bet big on entertainment, including on DirectTV and Time Warner. Net debt approaches three times this year’s ebitda....
...After AT&T’s purchase of Time Warner closed last year, Mr Plepler chafed against his new bosses, John Stankey and Randall Stephenson, who he viewed as too focused on data and out of touch with the entertainment...
...AT&T has set the ground rules for chairman and chief executive Randall Stephenson’s eventual departure. He is expected to remain in his role through at least 2020, AT&T added....
...Luckily for Randall Stephenson, the AT&T boardroom is a more forgiving place than Hollywood....
...The decision is a victory for Randall Stephenson, the chief executive of AT&T, who has been arguing for years about the importance of diversifying the telecoms company’s business in an attempt to better...
...As recently as last week, Randall Stephenson, AT&T chief executive, extolled the value of keeping its Hollywood jewels independent. “Those are very independent and necessary cultures,” he told Recode....
...“We’re on plan to meet our deleveraging goals with strong free cash flow and asset sales,” said chief executive Randall Stephenson. The company says it net debt is on track for $150bn by year-end....
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