AT&T’s media and entertainment businesses took a big hit from the impact of the pandemic and related quarantines in the March quarter, even as its big cellular business sailed through largely unaffected. WarnerMedia’s revenue fell 12% and its operating income also dropped, as the company lost a big chunk of advertising from the cancellation of the NCAA basketball tournament whose games were...
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The Briefing enterprise media/telecom
Iger’s Disney Fix-It Plan Has Something for Everyone
Bob Iger really should have run for president, as he once considered doing. His political instinct is unmatched, at least among CEOs. On Wednesday, in his first quarterly earnings call since returning to the top job at Disney, Iger offered something for everyone. A return of the dividend! Layoffs! Creative executives get their power back! Traditional TV is still important, Iger reminded...
SpaceX to Conduct Key Engine Test on Mars Rocket on Thursday
Alphabet’s Verily Appoints Biotech Executive As CFO
Francisco Partners Nears $1.7 Billion Deal for Sumo Logic
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