The telecom giant has been under pressure to cut costs.
to improve revenue and profit over the next three years, where it expects to fully pay off the debt from last year’s $80 billion purchase of Time Warner.
CEO Randall Stephenson will stay on through 2020, AT&T announced, but once he retires, the roles of chairman and CEO would be split., a response to Elliot Management’s calls for new blood in AT&T’s management structure.from a wireless phone company into a major media behemoth: It now owns a large part of Hollywood and has plans to get involved in the streaming wars. The company’s big acquisition in that space was WarnerMedia , which owns CNN, the Warner Bros. movie studio and HBO.
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