Q. I saw that AT&T’s CEO just refused to comment on whether the company is selling DIRECTV. Do you think the sale is still on? Or are they backing away now? — Tony, Las Vegas.
Tony, AT&T CEO John Stankey this week addressed (virtually) the Wall Street Journal Tech Live conference and was asked about a number of subjects including whether the company was planning to sell DIRECTV.
Interestingly, some publications such as Variety and Deadline said Stankey refused to comment on reports that AT&T was now taking bids for the nation’s largest satellite TV service.
But Stankey’s ‘no comment’ remarks actually included some affirmations that the sale is still on the company’s front burner. The AT&T chief said he was looking for opportunities to jettison “businesses that aren’t positioned for long-term growth,” business which would be “distractions” for management.
If that’s not DIRECTV, I don’t know what would be. Stankey and other AT&T executives have said repeatedly that they don’t believe the satellite TV industry can grow, in the short term or long term. They have also said they need to focus primarily on businesses that reflect the company’s current priorities such as streaming, which they believe will grow dramatically.
While Stankey did not specifically mention he wanted to sell DIRECTV, anyone who follows the company closely can read the tea leaves here. AT&T wants out of the satellite TV business, and it’s doing everything it can to make that happen sooner than later.
Tony, hope that makes sense. Happy viewing, and stay safe!
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— Phillip Swann
My question to the TV Answer Man. Do you think a sale of Directv to Dish would turn the company into something that former subscribers would want to return to?
The only. I know I wait for 2 month get my service and pay with no service and I have to wait to october 31 this is happening for hurricane Laura I so frustrated I hope direc tv go down always I pay on time and early now I go to see what is suppose my credits I wasn’t to finish with the he contract and never be or. Know something about direc tv 👎👎👎👎