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AT&T to keep telco culture out of Time Warner; team joins Apple


According to Market Intelligence, December 2022


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AT&T to keep telco culture out of Time Warner; team joins Apple

Top News

* AT&T Inc. CEO Randall Stephenson said the company plans to keep its "telephone company culture" out of Time Warner Inc. after completing the proposed acquisition, The Wall Street Journal reports. Speaking at an event, Stephenson said the carrier does not want to "really screw it up" and is mindful of the fact that they are buying a business that they do not have a lot of experience.

* Apple Inc. has acquired the team behind messaging assistant, reports. The team will join the group working on Siri at Apple. will discontinue its service, effective Dec. 16.

* 5G Americas President Chris Pearson discussed the work ahead for the development of next-generation 5G wireless service, including opening up new bands of spectrum for wireless use and spectrum harmonization among governments.


* AMC Networks Inc. is selling a six-second spot at the start of an episode for the upcoming season eight of zombie drama series "The Walking Dead," Broadcasting & Cable reports. A 30-second spot reportedly costs about $500,000. The eighth season will premiere on AMC (US) on Oct. 22.

TV Networks

* ESPN (US) inked a multiyear linear and digital carriage deal to carry Formula 1 programming, Broadcasting & Cable reports. ESPN will start carrying the Formula 1 content starting with the Australian Grand Prix on March 25, and will offer every race live on either ESPN, ESPN 2 or ABC (US).

* Major League Baseball's in-house service boosts its subscriber base with a postseason free preview period, as it airs Division Series contests on successive days for the first time, said MLB Network (US) President Rob McGlarry in an interview. Baseball's in-house network will present the opener of the Boston-Houston encounter Oct. 5 at 4 p.m. ET, and follow the next day at 5 p.m. with the second game of the Cleveland-New York Yankees set.

Internet & OTT

* Netflix Inc. will premiere new original series "Dark" on Dec. 1, the streaming giant said. The 10-episode series is set in a German town where the disappearance of two young children exposes the double lives and fractured relationships among four families.

* CBS Corp.'s subscription video-on-demand and live streaming service CBS All Access will premiere its first original comedy series "No Activity" on Nov. 12, Broadcasting & Cable reports. New episodes of "No Activity" will be streamed weekly on Sundays for subscribers.

* Discovery Communications Inc. teamed up with Google Inc. to debut "Discovery TRVLR," a new immersive series from Discovery VR and Google's VR team. The companies will debut the first edition of a seven-part, 38-episode series Nov. 3 exclusively on YouTube, and on the Discovery VR app, the company said. "Discovery TRVLR" explores the rituals, traditions and quests that define a variety of cultures across the globe, the company said.


* Alphabet Inc. unit DeepMind is setting up a new research unit, called DeepMind Ethics & Society, to explore the impacts of artificial intelligence, according to an official blog post. The unit will work to help technologists put ethics into practice, and to help society anticipate and direct the impact of AI.

* Google reported sales of more than 55 million Chromecast and Chromecast built-in devices, reports, citing Rick Osterloh, Google's hardware chief. The announcement came as the search giant unveiled new Pixel smartphones along with other hardware and software at an Oct. 4 event in San Francisco.

* Analysts weighed in on the first test of Google's new hardware strategy, which involved the acquisition of key hardware talent and intellectual property from HTC Corp. While Google is a market leader in smartphone operating systems, it has failed to crack the hardware space.

The day ahead

Early morning futures indicators pointed to a higher opening for the U.S. market.

In Europe, around midday, the FTSE 100 rose 0.20% to 7,482.17, while the Euronext 100 was up 0.11% to 1,045.34.

On the macro front

The international trade report, the jobless claims report, the factory orders report, the EIA natural gas report, the Fed balance sheet and the money supply report are due out today.

Featured news

The Daily Dose Europe: EC refers Apple to EU court over Irish tax bill; Amazon to pay Luxembourg €250M: The European Commission is referring Ireland to the European Court of Justice for failing to recover back-taxes from Apple, while e-commerce giant Inc. will pay about €250 million in taxes in Luxembourg as directed by the commission.

Rovio prices IPO; Spotify turns down Tencent's acquisition offer: In this monthly Best of Nordics feature, S&P Global Market Intelligence provides a roundup of recent market developments in Denmark, Sweden, Norway, Finland and Iceland.

Western Digital to block Toshiba-Bain deal; China fines Tencent, Baidu, Weibo: In this biweekly Asia-Pacific Regulatory Spotlight feature, S&P Global Market Intelligence provides a roundup of significant recent regulatory events in tech, media and communications sectors in the region.

Featured research

Wireless Investor: Australian government initiates mobile expansion to the outback: Although the mobile penetration rate of Australia reached 116.64% by the end of 2016, rural communities in the country's arid interior are not yet covered by two of the three incumbent mobile network operators.

Economics of Networks: MSG Networks enters VSP market with fuboTV deal: MSG Networks Inc. is set to expand beyond the cable bundle and into the virtual service provider space ahead of the upcoming NBA and NHL seasons with its announced partnership with fuboTV, a sports-centric streaming service.

Economics of Advertising: WPP, other ad agencies warn of potentially turbulent times ahead: Major ad agency holding groups such as WPP Plc, Omnicom Group Inc., Publicis Groupe SA and Interpublic Group of Cos. Inc. largely saw strong results throughout 2015-2016, but 2017 is shaping up to be far more challenging.

Economics of Internet: Even Google feels pinch of Facebook in the US digital ad market: Leading firms in the U.S. digital ad sector notched another quarter of strong gains, driven largely by Facebook Inc. and Google.

The Daily Dose is updated as of 7 a.m. ET. Some external links may require a subscription.