New AT&T chief: TV is our next multi-billion $ biz

The incoming AT&T chairman and CEO, Randall Stephenson, who previously served as AT&T's COO, recently said "TV will be the next multibillion-dollar business for our company," but as the former board chairman of Cingular, Stephenson aims to make wireless the cornerstone of his company's bundled offering. Chairman and CEO Edward Whitacre announced he would hand the reins over to Stephenson in June after 17 years at running the company. Stephenson is 47 years old and is a 25-year company veteran.

For more on AT&T's new chief:
- see this report from the WSJ (sub. req.)

Suggested Articles

Altice USA is giving premium pay to its customer-interfacing employees during the coronavirus crisis, but not all cable technicians will qualify.

T-Mobile this week wrapped up the lengthy process of acquiring Sprint. With the deal done, the company may pick up where it left off on video.

The Hulu app is starting to roll out across the Comcast Xfinity X1 platform after last month showing up on the Xfinity Flex platform.