John Stephens during a virtual Bank of America investor conference also touted the theatrical experience of such tentpole releases as 'Tenet.'.
AT&T CFO John Stephens signaled during an appearance at an investor conference on Wednesday that the telecom giant wouldn't sell advertising technology unit Xandr despite recent reports and touted the theatrical experience tentpole films like Warner Bros.'Speaking during a virtual Bank of America investor conference in a session that was webcast, he also discussed how the coronavirus pandemic has been affecting the business.
The company has also been understood to be looking at selling slightly more than 50 percent of DirecTV. Plus, anime outfit Crunchyroll is believed to be on the auction block as well, with Sony as a potential buyer. Stephens on Wednesday also said many of AT&T's businesses have been resilient amid the coronavirus pandemic, but acknowledged that"media has been challenged," including WarnerMedia unit's Turner division, which has seen such issues as weaker advertising revenue, driven by lower spending from the likes of airlines, and the NBA delays whose financial effects will show up in the third- and the fourth-quarter results.
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