Ad Age

AT&T Plans Major Changes After Buying Time Warner

AT&T is planning major changes to follow its planned $85.4 billion acquisition of Time Warner, including a redefined role for CEO Randall Stephenson, as the telecommunications giant morphs into a media company.

Stephenson will oversee a pair of CEOs who will independently manage the company's telecommunications and media businesses, according to people familiar with the matter. Stephenson, 57, will still be the top executive of the company, focused on charting the company's new course as a media powerhouse, the people said.

Stephenson will remain chairman and CEO of AT&T, the company said in a statement, denying an earlier report by Bloomberg that he would relinquish

You're reading a preview, sign up to read more.

More from Ad Age

Ad Age2 min read
Catalina Files For Bankruptcy As Marketing Dollars Tighten
Catalina Marketing, the unit of Checkout Holding Corp. historically known for doling out cash-register coupons, filed for bankruptcy to clean up its debt-plagued balance sheet. The company, which filed for Chapter 11 protection in Delaware, said it h
Ad Age4 min read
Google CEO Rebuts Claims Of Bias, Data Tracking In Congress
Google Chief Executive Officer Sundar Pichai kicked off his first appearance before Congress Tuesday refuting claims of bias, explaining the company's privacy approach and stressing its American roots. As the hearing began, the heads of both politica
Ad Age4 min readSociety
Behind Aetna's 'You Don't Join Us. We Join You' Rebrand
In an Gallup poll published in August, the healthcare industry ranked just above the pharmaceutical industry and the federal government as Americans' three least favorite business sectors. These negative feelings run deep and create a formidable chal