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Media & Comm, most read: AT&T's layoffs plans; Big tech in 2019


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Media & Comm, most read: AT&T's layoffs plans; Big tech in 2019

Here are the most read stories of the week.

Cable data expert sees benefits, misconceptions around usage-based billing

According to OpenVault LLC CEO and founder Mark Trudeau, broadband usage data is one of the most powerful tools cable operators can use to better manage their networks and increase their revenues. That is why OpenVault works with operators to first track usage consumption levels for millions of subscribers across the globe and then implement solutions like usage-based billing. S&P Global Market Intelligence spoke to Trudeau about how broadband consumption has grown in recent years and how operators are looking to both manage and monetize that growth.

AT&T plans to 'adjust' workforce in some areas in 2019

AT&T Inc. appears to be gearing up for a round of layoffs in 2019. Citing internal documents and an unnamed source, Vice's "Motherboard" reported Jan. 8 that the U.S. telco is planning a "geographic rationalization" that will consolidate certain operations in various AT&T offices around the country. The total number of employees expected to be impacted has yet to be finalized, according to the report. In an emailed statement, AT&T confirmed it will make some upcoming shifts to its workforce.

Analysts: ACC Network launch to be boosted by large fan base, local ad prospects

As part of its broad renewal deal with Verizon Communications Inc., Walt Disney Co. has secured more distribution for its upcoming sports network centered on Atlantic Coast Conference sports. The Verizon deal, financial terms of which were not disclosed, was reached Dec. 30, 2018, the day before the parties' contract was set to expire at 5 p.m. ET.

AT&T CFO: 'More thoughtful' pricing to help entertainment unit boost earnings

AT&T Inc. CFO John Stephens told investors Jan. 9 at the Citi 2019 Global TMT West Conference in Las Vegas that the company is going to be "more thoughtful" about promotional pricing, as it pivots away from two-year price locks on its DIRECTV satellite offering, as well as its U-verse video platform. As such, the company "expects to have normal pricing increases on the traditional video side," which will yield margin amelioration.

Analysis: Big tech no longer certain bet in 2019

A volatile 2018 took a sharp bite out of FAANG stocks — those of Facebook Inc., Apple Inc., Inc., Netflix Inc. and Google parent Alphabet Inc. — and analysts are bracing for what could be another rough year for big tech. Facebook saw the largest decline among the five FAANG stocks, ending 2018 down 25.7%. Apple followed, losing 6.8%, despite becoming the first public U.S. company to reach a $1 trillion market capitalization. In comparison, Alphabet's stock was largely unscathed.