AT&T expects to lose nearly 400,000 pay-TV subscribers this quarter

DALLAS — As more customers cut their cable and turn to streaming services, AT&T says it expects to lose about 390,000 traditional pay-TV subscribers this quarter, according to financial documents filed with the Securities and Exchange Commission. That would mark an accelerated decline from the second quarter, when AT&T lost 351,000 pay-TV subscribers. In the filing,… Please follow and like us:

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Discovery to acquire Scripps Networks in $11.9 billion deal

LOS ANGELES — Discovery Communications and Scripps Networks Interactive have reached an $11.9 billion deal to combine, a move aimed at creating a bulwark to withstand the challenges facing the television industry. Discovery plans to acquire Scripps — the owner of HGTV, Food Network and the Travel Channel — in a cash-and-stock transaction that was announced… Please follow and like us:

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