AT&T Inc. (NYSE:T) Looking For Major Organizational Changes


AT&T Inc. (NYSE:T) is looking for key organizational changes to follow the acquisition deal of Time Warner Inc., comprising refined role for CEO Randall Stephenson, as the telecomm firm morphs into a media firm. Stephenson will watch a pair of CEOs who will manage the firm’s media and telecommunications businesses, independently. Stephenson will still remain the top executive of the firm, focused on charting the firm’s new course as a media company. He will remain CEO and chairman of AT&T, denying an earlier report that he would resign the CEO title.

The details

John Stankey, who now heads DirecTV and other entertainment operations, will head the media segment, including Time Warner. DirecTV is projected to become part of a segment that comprises AT&T’s conventional phone businesses, to be seen by John Donovan.

The reorganization follows the structure of other successful deals of disparate businesses. By naming two personnel who can manage its operations at arm’s length, AT&T could resolve regulators’ concerns that the firm’s broadband and TV networks would favor content developed by Time Warner’s Warner Bros or HBO.

Time Warner CEO Jeff Bewkes and Stephenson are still working on strategies for implementing the merger deal. Decisions related to leadership and organizational structure have yet to be finalized. Bewkes has mentioned that he will stay on in some role for at least a year after the deal is complete.

Excepting any oppositions from antitrust watchdogs or interference by President Donald Trump, who has expressed his opposition to the merger and has a prevailing dispute with CNN, AT&T reported that it anticipates the deal to complete by year end. The separation of company’s new segments will be both cultural and geographical.

In the last trading session, the stock price of AT&T declined more than 1% to close the day at $35.99. The market cap of firm stands around $221 billion.

This report is for information purposes only, and is neither a solicitation or recommendation to buy nor an offer to sell securities. Financials Trend is not-a-registered-investment-advisor. Financials Trend is not a broker-dealer. Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. Financials Trend accepts no liability for any losses arising from an investor's reliance on the use of this material. Financials Trend sometimes gets compensated up to one hundred and fifty thousand dollars per month for featuring particular stocks. See site disclaimer for complete compensation. Financials Trend and its affiliates or officers currently hold no shares of these stocks. Financials Trend and its affiliates or officers will purchase and sell shares of common stock of these stocks, in the open market at any time without notice. Financials Trend will not update its purchases and sales of these stocks in any future postings on Financials Trend's websites. Certain information included herein is forward-looking within the context of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. The words "may", "would," "will," "expect," "estimate," "anticipate," "believe," "intend," " project," and similar expressions and variations thereof are intended to identify for ward-looking statements. Such forward- looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. *Financials Trend does not set price targets on securities. Never invest into a stock discussed on this web site or in this email alert unless you can afford to lose your entire investment.