AT&T is Open to Selling DIRECTV as TV Losses Grow




, ,

AT&T Trucks

AT&T TrucksToday during AT&T’s 3rd quarter 2019 earnings call, AT&T put out the idea that DIRECTV could be on the table for sale or a merger/partnership. According to AT&T, there are no “sacred cows” in its portfolio and it directly pointed a finger at AT&T’s DIRECTV satellite TV service.

This news comes as the investment group Elliott Management announced back in September that it now owns $3.2 billion of AT&T stock and that it’s pushing for AT&T to sell off DIRECTV. According to this long letter, AT&T purchased DIRECTV at its peak, and its streaming version DIRECTV NOW (now called AT&T TV Now) has been “poorly executed.” Because of this, Elliott Management is pushing for AT&T to sell off DIRECTV.

Just last week AT&T’s Chief Operating Officer John Stankey said: “We didn’t buy DIRECTV because we love satellite.” Stankey went on to say, “We bought DIRECTV because we love the customer base, and the customer base could be migrated into more on-demand-oriented products and services.”

It is starting to look like AT&T’s plan for DIRECTV is to pull as many customers as possible off of the service and move them to HBO MAX and AT&T TV. Again during AT&T’s 3rd quarter earnings call, AT&T said AT&T TV and HBO MAX are their main focus going forward.

DIRECTV’s satellite service may not be up for sale today, but it’s starting to sound like AT&T plans to get rid of the service after they have taken as many customers from it as they can.

The question now is will AT&T sell off DIRECTV or will AT&T find a partner to take over DIRECTV, leaving AT&T with some ownership over the satellite TV service?

Did you know we now have a FREE app for iOS, Android, and Amazon Fire? Click HERE to download our app.

Please follow us on Facebook and Twitter for more news, tips, and reviews. Need cord cutting tech support? Join our Cord Cutting Tech Support Facebook Group for help.

Disclaimer: To address the growing use of ad blockers we now use affiliate links to sites like, streaming services, and others. Affiliate links help sites like Cord Cutters News, stay open. Affiliate links cost you nothing but help me support my family. We do not allow paid reviews on this site. As an Amazon Associate I earn from qualifying purchases.

Subscribe to Our Newsletter

* indicates required

Please select all the ways you would like to hear from :

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp’s privacy practices here.