techkenyot.com
techkenyot.com July 18, 2018


Imagine losing a cable customer base the size of Arlington. That's what AT&T expects

12 October 2017, 10:33 | Hattie Nash

AT&T (T) said Wednesday that it lost 90,000 video subscribers in the U.S.in the third quarter, a steeper drop than the same period previous year. The decline, its third quarterly drop in a row, came despite almost 300,000 new accounts on its DirecTV Now service, which streams channels over the internet.

AT&T said it added roughly 300,000 subscribers to DirecTV Now, its cheaper option for customers who want to stream television over the internet. AT&T had 25.2 million video subscribers at the end of the second quarter.

As more customers cut their cable and turn to streaming services, Dallas-based 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.

"It should be clear that DirecTV, like all of its cable peers, is suffering from the ravages of cord-cutting", said Craig Moffett, analyst at MoffettNathanson, in an email. DirecTV and Comcast are seeing and responding to the same secular pressures.

Analyst Research Roundup: The Southern Company (SO), Seattle Genetics, Inc. (SGEN)
BidaskClub cut shares of Seattle Genetics from a "hold" rating to a "sell" rating in a research note on Wednesday, June 28th. The company's net profit margin has achieved the current level of 2.8 percent and possesses 87.9 percent gross margin.

Hurricanes Harvey and Irma ruined thousands of homes in Texas and Florida, respectively.

Despite that, it left its full-year guidance unchanged.

But natural disasters couldn't account for all of the problems in the video business.

AT&T, which is also the No. 2 wireless carrier in the USA, blames tough competition from both traditional TV providers like Comcast and newer digital-video services like YouTube TV.

Mike Phelan reveals major area where Jose Mourinho is thriving
Mourinho initially signed a three-year deal in the summer of 2016 when he replaced Louis Van Gaal. The new deal is also expected to tie him to Old Trafford until 2022.

The announcement weighed on other stocks in the sector, with shares of Dish Network Corp, Charter Communications Inc, Comcast Corp and Altice USA Inc trading lower.

AT&T has also attracted DirecTV Now subscribers with free promotions and deep discounts.

MoffettNathanson believes the weakness in AT&T's pay-TV numbers shines a new light on the spate of aggressive promotions at AT&T, notably that nearly all of them appear to be centred on bundling, with the benefit seemingly toward bolstering video metrics at DirecTV.

Robert Pattinson And FKA Twigs Have Reportedly Called Off Their Engagement
The British singer, however, was spotted without her engagement ring last month. Vincent, and is now in a relationship with model Stella Maxwell.



Other News

Trending Now

Amazon.com, Inc. (AMZN) Analysts See $0.04 EPS
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. The Capital One National Association holds 14,248 shares with $279,000 value, down from 285,238 last quarter.

Pokemon Ultra Sun and Ultra Moon Trailer Reveals Explosive New Z-Moves
Necromza in Ultra Sun and Ultra Moon has a move called Photon Geyser, which looks damaging but is a bit on the generic side. The special items that Rotom Dex's Roto Loto will reward you with come in different varieties - some increasing the Exp.

Sector Investor's Alert - Juniper Networks, Inc. (NYSE:JNPR), Shopify Inc. (NASDAQ:SHOP)
Keeping an eyeball on Moving Averages, the 50-day is 27.66; the 200-day is at 28.48, for Juniper Networks, Inc . (NYSE: JNPR ). The Firm sells its high-performance network products and service offerings across routing , switching and security.

Dog days? In Italy, count them like family sick days
An Italian woman has won a legal battle for sick pay for time she took off work to look after her dog. But she ended up in court, saying she shouldn't lose payment for the days she didn't go to work.

Pregnant Woman Almost Dies When Baby Kicks Through Uterine Wall
Uterine rupture is reported to only be seen in 1 in 1,416, or 0.07% of pregnancies, but it can be extremely risky . A doctor involved in the operation said that women who get fibroid-removal operations, which is what Ms.

FBR & Co Comments on MetLife, Inc.'s Q3 2017 Earnings (MET)
Following the acquisition, the director now directly owns 41,951 shares in the company, valued at approximately $2,272,485.67. California-based Checchi Capital Advisers Limited Liability Company has invested 0.04% in Metlife Inc (NYSE:MET).

GM announces production reduction at Detroit-Hamtramck Assembly plant
The Detroit-Hamtramck plant will likely produce 20 percent fewer vehicles once production resumes in 2018, the Journal said. Impala sales are off 32 percent through September, while Volt sales are down 6 percent and LaCrosse sales are off 21.

As House weighs hurricane aid, Trump lashes out at Puerto Rico- again
He says Puerto Rico already faced hard fiscal and economic problems before being devastated by Hurricane Maria. More than a third of Puerto Ricans are still struggling to live without drinking water.

GOP senator to Trump: Are you 'recanting of the' Oath of Office?
Trump tweeted in response: "Fake @NBCNews made up a story that I wanted a "tenfold" increase in our US nuclear arsenal". Only local broadcast affiliates have licenses, and they have control of how they cover the president.

Citigroup beats on earnings results as its bread-and-butter business shines
The financial services company reported earnings per share of $1.42 for the quarter on revenue of $18.17 billion . On the other hand, equity markets revenues improved 16% to $757m thanks to growth in the cash equities business.