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AT&T’s Gone Hollywood, But Verizon Steals the Show

AT&T’s Gone Hollywood, But Verizon Steals the Show

Sure, it now owns HBO, one of the premier TV networks feted at last night’s Emmy Awards. Since a judge gave the all-clear to AT&T’s $102 billion acquisition of Time Warner in June, the AT&T team led by CEO Randall Stephenson has started integrating its newly acquired TV networks and film business. Meanwhile, Verizon’s new CEO Hans Vestberg has prioritized investing in the company’s wireless network and downplayed the need for buying media assets. The opposing visions at two companies that used to be quite similar have sparked a debate over whether it’s more advantageous to be a narrowly focused business like Verizon or a conglomerate with control over both distribution and content.