Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

5/19/2014 (2 years ago)

Catholic Online (www.catholic.org)

Deal would give AT&T access to DirecTV's 40 million digital TV customers

In a major media takeover, U.S. telecommunications firm AT&T is set to acquire satellite television provider DirecTV in a cash and shares deal valued at $48.5 billion. If this goes through, it will give AT&T access to DirecTV's 40 million digital TV customers in the U.S. and Latin America.

In DirecTV's favor is its premier content. This includes such exclusive pay TV rights to 'NFL Sunday Ticket' which gives subscribers access to every American football game played on Sunday afternoons, which they can view on TV, laptops and mobile devices.

In DirecTV's favor is its premier content. This includes such exclusive pay TV rights to "NFL Sunday Ticket" which gives subscribers access to every American football game played on Sunday afternoons, which they can view on TV, laptops and mobile devices.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

5/19/2014 (2 years ago)

Published in Business & Economics

Keywords: DirecTV, AT&T, buyout


LOS ANGELES, CA  (Catholic Online) - The agreement would also give AT&T a new source of revenue beyond its traditional telecommunications business.

It's a very high possibility. The board of directors at both companies have approved the merger.

Starvation never takes a vacation --


However, the agreement is subject to approval by DirecTV shareholders. The agreement also needs to be reviewed by U.S. regulators, including the Federal Communications Commission and the Department of Justice.

Both companies are hopeful the transaction will be completed in a year's time.

"This is a unique opportunity that will redefine the video entertainment industry and create a company able to offer new bundles and deliver content to consumers across multiple screens - mobile devices, TVs, laptops, cars and even airplanes," AT&T chairman and chief executive Randall Stephenson said in a statement.

DirecTV is a leading pay TV provider in the US and Latin America. AT&T is a telecommunications provider and it boasts of a nationwide mobile network and a high-speed broadband network, which the company says will cover 70 million customer locations, with the broadband expansion enabled by this transaction.

In DirecTV's favor is its premier content. This includes such exclusive pay TV rights to "NFL Sunday Ticket" which gives subscribers access to every American football game played on Sunday afternoons, which they can view on TV, laptops and mobile devices.

Under the terms of the merger, DirecTV shareholders will receive $95 per share, comprising $28.50 per share in cash and $66.50 per share in AT&T stock.

AT&T intends to finance the cash portion of the transaction through a combination of cash on hand, sales of assets and loans.

---


Pope Francis: end world hunger through 'Prayer and Action'


Copyright 2016 - Distributed by THE CALIFORNIA NETWORK

Pope Francis Prayer Intentions for August 2016
Universal:
Sports: That sports may be an opportunity for friendly encounters between peoples and may contribute to peace in the world.
Evangelization: Living the Gospel: That Christians may live the Gospel, giving witness to faith, honesty, and love of neighbor.



Comments


More Business & Economics

The economic problem that could destroy America TODAY Watch

Image of Stagnant wages are a threat to our already weak economy. Fortunately, there's a positive trend as some employers begin hiking wages.

By Marshall Connolly (CALIFORNIA NETWORK)

The economy is growing slowly, and the bad news comes at a time when the Federal Reserve is contemplating an interest rate hike. The combination of a sluggish economy and rising interest rates could lead to a recession. LOS ANGELES, CA (California Network) - The U.S. ... continue reading


Business Management Expert Patrick Lencioni Applies Expertise To Catholic Parishes

Image of

By

Amazing Parish ministry prepares to send 14,000 copies of "The Better Pastor" to parishes around the country. New York Times best-selling author Patrick Lencioni is best known for books such as Death By Meeting and The Five Dysfunctions of A Team that use extended ... continue reading


Middle class continues to collapse into poverty - but here's how we can stop it Watch

Image of The middle class is shrinking, and it's largely its own fault. Middle class voters commonly vote against their own self interest.

By Marshall Connolly (CALIFORNIA NETWORK)

The middle class is going extinct, according to another new study. The result confirms what many fear, changes in the economy are not favorable to those in the middle. We are not prepared for the changes that are occurring. LOS ANGELES, CA (California Network) - The ... continue reading


Their fault? Millennials earning less than any previous generation since before WWII Watch

Image of Boomers still hold the upper hand, but they're slipping with age. Millennial influence is growing, so their attitudes and beliefs matter.

By Marshall Connolly (CALIFORNIA NETWORK)

Something is wrong with our economy, and the future is more troubling that it has been in almost a century. A study reveals that British millennials are earning less than their parents. The implications  are staggering. LOS ANGELES, CA (California Network) - A ... continue reading


Newsprint continues to decline and these FOUR companies are making all the money on the internet Watch

Image of Most people don't want the newspaper anymore, even if it were free.

By Marshall Connolly (CALIFORNIA NETWORK)

A Pew survey reveals that newsprint is dying and more people are turning to the internet and video for their news. Newspapers have lost 7 percent of their daily circulation over the past year alone. LOS ANGELES, CA (California Network) - The 13th annual Pew Research ... continue reading


Americans lose confidence in all but the economy Watch

Image of Confidence in televised and printed news is faltering (SKY).

By Kenya Sinclair (CALIFORNIA NETWORK)

What does it mean when Americans have a failing sense of confidence in the very institutions that directly affect their daily lives? LOS ANGELES, CA (Catholic Online) - According to the latest Gallup survey, Americans lack confidence in the schools responsible for the ... continue reading


Whatever you do, DON'T SPEND $831 or more because that's how close... Watch

Image of We are THIS close to the brink of credit collapse.

By Marshall Connolly (CALIFORNIA NETWORK)

Americans owe at least $3.4 trillion in credit debt, and that number continues to rise as payment on the debt falls below borrowing. On average, each household owes more than $15,000 in debt. LOS ANGELES, CA (California Network) - Americans are falling deeper into debt ... continue reading


The Catholic Perspective: Should Catholics use payday loans? Watch

Image of Lenders prey on the desperation of the needy (Livingincome/Wordpress).

By Kenya Sinclair (CALIFORNIA NETWORK)

The poor are getting poorer and the rich don't give a damn - what have we done? LOS ANGELES, CA (Catholic Online) - According to Exodus 22:24, God tells us to be fair. "If you lend money to any of my people, to anyone poor among you, you will not play the userer with ... continue reading


100k Americans work for China as China continues to purchase major US companies Watch

Image of New reports indicate nearly 100 thousand U.S. jobs report to China (AMC Theatres).

By Kenya Sinclair (CALIFORNIA NETWORK)

China has been purchasing major American companies, resulting in nearly 100,000 U.S. citizens working to support the Chinese economy. LOS ANGELES, CA (Catholic Online) - State-owned companies and those closely-related to the Chinese government are responsible for the ... continue reading


The world of news is changing, Buzzfeed struggles to keep up Watch

Image of Buzzfeed is struggling, can they cope with the shift in media culture?

By Marshall Connolly (CALIFORNIA NETWORK)

There's growing concern that Buzzfeed doesn't have a very bright future, at least as far as news is concerned. The firm has missed its projected revenues, and it may look to the news for the place to cut. LOS ANGELES, CA (California Network) - It's hard to get news ... continue reading


All Business & Economics News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Subscribe to Catholic OnlineYouTube Channel

the FEED
by Catholic Online

Daily Readings

Reading 1, Jeremiah 1:17-19
17 'As for you, prepare yourself for action. Stand up and tell them all I ... Read More

Psalm, Psalms 71:1-2, 3-4, 5-6, 15, 17
1 In you, Yahweh, I take refuge, I shall never be put to ... Read More

Gospel, Mark 6:17-29
17 Now it was this same Herod who had sent to have John arrested, and had ... Read More

Saint of the Day

Saint of the Day for August 29th, 2016 Image

St. Sabina
August 29: St. Sabina's feast day is August 29th. We know ... Read More