techkenyot.com
techkenyot.com February 24, 2018


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

12 October 2017, 10:33 | Hattie Nash

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

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

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.

Bitcoin reaches new high as it approaches $5300
The price of Bitcoin reached an all-time high, smashing through the $5,000 mark as it rebounds from a short period of uncertainty. It is important to highlight the fact bitcoin could be bought for around $570 just about a year ago.

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.

Paris aims to ban petrol cars by 2030
One of most visited cities in world, Paris , gasoline and diesel all fossil fuel vehicles are banned from entrance to city. Paris City Hall declines to call the move a "ban" on combustion-engine cars, but rather a deadline for making an exit.

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.

'Carpool Karaoke' taped before Chester Bennington's death released
The " Carpool Karaoke " episode was filmed six days before his death . "I just want them to find whatever it is". Corden's message was appreciated by Bennington's widow, Talinda - who thanked him for his words on Twitter .



Other News

Trending Now

Amazon and Microsoft team up to create deep learning interface
AWS and Microsoft published Gluon's reference specification so other deep learning engines can be integrated with the interface. Optimising the process Microsoft and Amazon said Gluon addresses one of the biggest trade-offs in neural network creation.

Ronda Rousey Teases WWE Future In New Interview
Ronda Rousey is an exceptional athlete and as we have seen before, she is capable of pulling off some moves in a WWE ring. Browne is a UFC heavyweight fighter, presently ranked as the #14 heavyweight in the company.

Google Express partners with Target, Assistant shopping coming to phones
On Google Home, you can order loads of Halloween candy and paper towels by voice when your hands are full in the kitchen. Assistant will showcase a few of the options, you choose which you want, then it's on the way to your house.

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.

Schlumberger Limited (SLB) declined -14.87 percent over the past six months
Schlumberger Limited (SLB) has been given an average price target of $78.48 from analysts, according to data collected by Finviz . The stock of International Paper Co (NYSE:IP) has "Hold" rating given on Tuesday, September 15 by Bank of America.

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.

Smith on top in KL
Thomas (No. 4) and Hideki Matsuyama (No. 3) give the CIMB Classic two players from the top 5 in the world ranking for the first time.

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.

Donald Trump says 'something has to be done' on North Korea
White House Press Secretary Sarah Sanders later clarified the president was not declaring war on North Korea. The same day, the U.S. flew two B-1B Lancer bombers near the Korean Peninsula in a show of force.

Simple Moving Average Analysis of Fidelity National Information Services, Inc. (FIS)
The information technology services provider reported $1.02 EPS for the quarter, beating the consensus estimate of $0.97 by $0.05. It turned negative, as 85 investors sold GE shares while 816 reduced holdings. 39 funds opened positions while 122 raised stakes.