AT&T abandons pay-TV business as it doubles in streaming

AT&T is in the process of splitting its traditional pay-TV business, which includes video services DirecTV, AT&T TV and U-Verse, into a separate company that will be jointly operated by AT&T and private equity firm TPG, the companies said. today. Top Line The new company, in which AT&T will retain a majority stake, moves AT&T …

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