Analysis of information sources in references of the Wikipedia article "John Stankey" in English language version.
Time Warner is changing its name to WarnerMedia now that its $85 billion deal with AT&T has closed.
AT&T CEO John Stankey admitted, "We certainly didn't expect this" in 2015 when the telco giant acquired DirecTV for $48 billion (or $67 billion including debt).
He will join AT&T's board in June.
After he was named chief operating officer and president in October, the hedge fund noted with disapproval that Mr. Stankey "would now also be responsible for an additional $145 billion of revenue as the president and C.O.O. of the entire company."
In his 20 months at the WarnerMedia helm, Mr. Stankey refashioned the division to focus on streaming and dissolved the borders between the conglomerate's separate units.
AT&T, the telecommunications giant that has moved into media and entertainment, announced a changing of the guard on Friday. John Stankey, a veteran of the company, will become its new chief executive starting July 1. He will take the reins from Randall L. Stephenson, who has led AT&T since 2007.
AT&T, the media conglomerate, lost $5.4 billion and cut thousands of jobs throughout the year. John Stankey, the chief executive, received $21 million for his work in 2020, down from $22.5 million in 2019.Note, this quote presents in its entirety, the content of this article with regard to Mr. Stankey.
AT&T in February agreed to sell about a third of its stake in DirecTV to TPG Capital in a deal that valued the business at $16.25 billion, well below the $68 billion AT&T had paid for the asset less than six years ago.
Based on Discovery's stock price on May 14, the day before the transaction was disclosed, those shares would be worth $59 billion. AT&T will get $43 billion in cash, securities and WarnerMedia's agreement to retain $1.5 billion of its debt.
AT&T, the media conglomerate, lost $5.4 billion and cut thousands of jobs throughout the year. John Stankey, the chief executive, received $21 million for his work in 2020, down from $22.5 million in 2019.Note, this quote presents in its entirety, the content of this article with regard to Mr. Stankey.
