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Combined images of AT&T CEO John Stankey (L)and john stankey WarnerMedia CEO Jason Kilar. Reuters In December 2018, John Stankey sat down with HBO CEO Richard Plepler and his leadership team. Stankey, the AT&T veteran running WarnerMedia at the time, was meeting with division heads to hear ideas on how to combat the threat from Netflix and the secular decline of cable television. This was the first time Stankey had heard from Plepler's full team about their plan. HBO was the crown jewel of Time Warner, which AT&T had recently acquired for $100 billion with debt. It took two years and a legal battle with the Trump administration to close the deal. It was the biggest media acquisition since the last time Time Warner was acquired in 2000, when America Online paid $162 billion. All that effort and money was a bit confounding to people. Why did a telephone company need to own a premium content business? Stankey was the driving force behind the acquisition, and the clear favorite to take over as the next CEO of AT&T. Its success or failure would hinge on HBO, which
DUBLIN, Dec. 4, 2020 /PRNewswire/ -- ResearchAndMarkets.com published a new article on the Social Media industry "Facebook Acquires Kustomer for $1 Billion: The Customer-service Platforms Specialist"
WASHINGTON (REUTERS) - President Donald Trump has ordered the withdrawal of nearly all American troops from Somalia by Jan 15, US officials said on Friday (Dec 4), part of a global pullback before Trump leaves office next month that will also see him draw down forces in Afghanistan and Iraq. The United States has about 700 troops in Somalia focused on helping local forces defeat the Al-Qaeda-linked Al-Shabaab insurgency. The mission has received little attention in the United States, but is considered a cornerstone of the Pentagon's global efforts to combat Al-Qaeda. A US defence official, speaking on condition of anonymity, said the US troops remaining in Somalia would be located in the capital, Mogadishu.