39% Annualized Return And AT&T
Chris DeMuth Jr. • 175 Comments
Chris DeMuth Jr. • 175 Comments
Going Long Leap Wireless: More Than A Leap Of Faith
Helix Investment Research
Helix Investment Research
Fri, Mar. 11, 5:27 PM
- AT&T (NYSE:T) is facing a $100M lawsuit from small programmer Herring Networks, which claims AT&T has backed out on a carriage deal.
- Herring, the owner of the One America News Network and A Wealth of Entertainment, says AT&T promised to carry the channels in return for Herring supporting AT&T's buyout of DirecTV.
- Herring also says when it made a 2014 U-verse carriage deal, AT&T led Herring to believe that U-verse would get investment and expansion, and instead it looks like AT&T will "wind down" the IPTV service in favor of satellite. Herring's networks aren't on DirecTV.
- AT&T responds that the lawsuit is "baseless ... simply a ploy by Herring to negotiate a slanted deal."
Thu, Mar. 10, 3:23 PM
- The FCC has launched a proposal on data privacy that doesn't ban data collection practices, but does require a broad opt-in from consumers.
- The agency's plan, in the works since it reclassified many providers under net neutrality regulation last year, calls for consumer consent -- many broadband providers collect data without consent -- and for them to disclose their data collection, work to protect personal information and report data breaches.
- The move stops largely at Internet providers and doesn't extend to sites with broad consumer data collections, including Twitter, Google or Facebook.
- The move comes a few days after Verizon (NYSE:VZ) settled an FCC privacy probe by agreeing to get consumer consent and pay $1.35M, an amount that suggests the FCC is more concerned about the opt-in than about data collection in general.
- The proposal goes to an initial March 31 open meeting vote.
- FCC fact sheet
- Related tickers: T, VZ, TMUS, S, CMCSA, CHTR, TWC, CVC, CTL, FTR, CCOI, DISH
- Previously: Verizon paying $1.35M, allowing data opt-outs in privacy probe (Mar. 07 2016)
Tue, Mar. 8, 3:22 PM
- In a tense battle over carriage that has led to a station blackout, AT&T (NYSE:T) and Univision have a temporary truce ahead.
- In a statement, AT&T says that Univision channels will be provided to its U-verse customers for tomorrow night's Democratic presidential candidate debate in Miami.
- "This is the right thing to do for our Spanish-language customers as we continue working toward an agreement with Univision," AT&T says, adding "We appreciate Univision agreeing to our request" to unblock channels for the debate.
- Univision channels (including Univision, UniMas and Galavision) went dark for millions of customers on the IPTV service Friday. Over the weekend, rhetoric heated up as Univision accused AT&T of "redlining" the Hispanic audience (Univision is the country's largest Spanish-language broadcaster), a charge that AT&T referred to as "despicable."
- Previously: AT&T-Univision dispute: Charges of discrimination (Mar. 07 2016)
- Previously: Univision channels go dark on AT&T U-verse (Mar. 04 2016)
Tue, Mar. 8, 2:42 PM
- AT&T stock (T +0.2%) is largely unchanged as the company acknowledges a widespread nationwide outage at DirecTV.
- "Multiple national channels are experiencing loss of audio and video," the company says in a tweet. "We’re working to restore your service."
- Some users are reporting most of their channels are offline, including major sports and news.
Mon, Mar. 7, 3:02 PM
- It doesn't look like Univision stations are closer to re-appearing on AT&T U-verse (T +0.5%) as the two ramp up rhetoric over their retransmission negotiations.
- Univision channels (including Univision, UniMas and Galavision) went dark on the IPTV service Friday as the companies couldn't come to terms. Univision, the country's largest Spanish-language broadcaster, has charged AT&T with "redlining our audience by refusing to recognize the value of the Univision networks and the consumers we serve" -- an accusation of discriminatory behavior in "preventing Hispanic America from receiving content and information in language and in culture, which is especially vital during this election year."
- AT&T's Jim Cicconi responded sharply, saying it was unfortunate that Univision is blocking its customers from content but "also have stooped to despicable allegations in an effort to extort an outrageous price increase -- an increase which ultimately will come at the expense of all our customers, including Univision viewers."
Fri, Mar. 4, 12:23 PM
- Univision channels have gone dark on AT&T U-verse (NYSE:T) amid yet another retransmission fee dispute.
- That means the content (including Univision, UniMas and Galavision) is off-line for 5.6M customers of the IPTV service; DirecTV customers aren't affected.
- Univision says it wants "fair compensation, on par with English-language broadcasters," while AT&T says the dispute is "about nothing more than Univision demanding we pay an outrageous price increase" and that it wants to "resolve this matter quickly."
- Univision is the biggest Spanish-language broadcaster in the U.S.
Thu, Mar. 3, 3:41 PM
- Speaking at Morgan Stanley's Technology, Media and Telecom conference, Yahoo (NASDAQ:YHOO) CFO Ken Goldman says aside from a spinoff of its core Internet business, the company's looking at selling "non-core assets" for $1B-$3B.
- Those assets include patents and property, and a committee formed to explore alternatives to the spinoff is considering some quick sales of the non-core assets. The company's sold or licensed more than $600M in patents over the past three years.
- Yahoo has launched a relatively formal auction process for its search business, with telecoms including Verizon (NYSE:VZ), AT&T (NYSE:T) and Comcast (NASDAQ:CMCSA) emerging as likely favorites alongside other companies (like longshot Time Inc.) and private equity.
- Previously: Bloomberg: Yahoo approaching potential buyers as soon as today (Feb. 22 2016)
- Previously: Bain and TPG reportedly eyeing Yahoo; shares close down 4.7% post-earnings (Feb. 03 2016)
Thu, Mar. 3, 10:07 AM
- AT&T (NYSE:T) is teaming up with ad-tech firm Videology to offer its own programmatic ad buying for linear TV programming.
- The carrier (and TV power) said it would give select advertisers a "private marketplace" where it could use Videology's software to buy ads on networks carried by AT&T (U-verse and DirecTV) starting in Q3.
- NBCUniversal last week said it would be the first to bring a form of programmatic buying to its linear TV inventory. While part of the process is automated, some of the back-end is manual as NBCU is still using upfronts to sell ads.
- AT&T's approach will be similar: Ads will still need to be placed on shows in advance, in contrast to digital ads that can be delivered in milliseconds based on users' Web histories. But after some slow developments, it does promise advertisers the chance to use their own data (and that of third parties) to zoom in on more specific target audiences.
- Previously: NBC rolls out programmatic ads for its linear TV offerings (Feb. 24 2016)
Wed, Mar. 2, 10:10 AM| Wed, Mar. 2, 10:10 AM | 2 Comments
- February monthly performance was: +1.51%
- 52-week performance vs. the S&P 500 is: +6%
- No dividends were paid in February
- Top 10 Holdings as of 12/31/2015: General Mills Inc (GIS): 3.41%, Coca-Cola Co (KO): 2.73%, Campbell Soup Co (CPB): 2.68%, AT&T Inc (T): 2.57%, Heineken NV (OTCQX:HINKF): 2.37%, The Kraft Heinz Co (KHC): 1.98%, Eli Lilly and Co (LLY): 1.9%, Exelon Corp (EXC): 1.88%, Walgreens Boots Alliance Inc (WBA): 1.87%, PPL Corp (PPL): 1.82%
Wed, Mar. 2, 6:30 AM| Wed, Mar. 2, 6:30 AM | 1 Comment
- February monthly performance was: +1.21%
- 52-week performance vs. the S&P 500 is: 0%
- $0.16 in dividends were paid in February
- Top 10 Holdings as of 1/29/2016: Exxon Mobil Corporation (XOM): 3.46%, AT&T Inc (T): 3.42%, Microsoft Corp (MSFT): 3.2%, Verizon Communications Inc (VZ): 2.8%, Apple Inc (AAPL): 2.72%, Johnson & Johnson (JNJ): 2.33%, General Electric Co (GE): 2.28%, Chevron Corp (CVX): 2.19%, Procter & Gamble Co (PG): 2.06%, Wells Fargo & Co (WFC): 1.97%
Tue, Mar. 1, 1:46 PM
- AT&T (T +1.1%) looks to be getting into the Web TV business as soon as this year, according to a release.
- Selling its DirecTV video content over the Web would put it into competition with Sling TV (DISH +2.4%), which has offered a basic skinny bundle of live television programming over the Internet.
- Later this year, AT&T says, it will launch three "bring your own connection" offers that won't be limited to its existing mobile or DirecTV subscribers.
- "DirecTV Now" will offer "a range of content packages" (some skinny?) featuring on-demand and live programming along with premium add-ons, much like Sling TV. It will be available on Internet-enabled devices. Meanwhile, "DirecTV Mobile" will offer a mobile-first experience in what could be a solid answer to Verizon's (VZ +1.4%) Go90.
- "DirecTV Preview" is a free offer (supported by ads) with a sampling of DirecTV content and looks to be a bit of a window display for the paid Web services.
- More than 60% of the company's network traffic is now video, it says, and it serves more than 60M streams and downloads to TV customers each month.
Mon, Feb. 29, 8:54 AM
- AT&T (T, up 0.3% premarket) says it's come to a tentative deal with the Communications Workers of America on a contract with its Southwest region Mobility workers, after a 48-hour contract extension on Friday.
- The two beat a midnight deadline last night. It covers more than 94,00 Mobility employees.
- The agreement heads next to the union's membership for ratification in the coming days.
Thu, Feb. 25, 8:36 PM
- Broadcast players in a critical FCC spectrum auction will get their chance to declare themselves in for the sale -- during just a 32-hour window in which to get in, or stay out.
- The FCC has set 10 a.m. March 28 for the start of a commitment window for its broadcast incentive auction set to begin the next day. Broadcasters can start locking in commitment elections from then until 6 p.m. the following day.
- Stations will be able to preview the "commitment module" starting March 24, but will need to act fast the next week in order to lock themselves in to selling airwaves. Late stations will be barred from the auction.
- Spectrum players: VZ, T, TMUS, S, DISH, SBGI, EVC, CMCSA, CHTR, NXST
- Previously: FBR: Airwaves auction could bolster Dish Network (Feb. 19 2016)
Thu, Feb. 25, 11:13 AM
- The FTC has signed off on Sinclair Broadcast Group's (SBGI +1.1%) purchase of the Tennis Channel.
- Sinclair came to a $350M agreement last month to buy the channel from its owners, a mix of private-equity firms and smaller stakeholders DirecTV (NYSE:T) and Dish Network (NASDAQ:DISH).
- The FTC gave the deal early termination of its antitrust review. Sinclair will get the channel along with its OTT services, TC Plus and TV Everywhere, and expects to benefit from more than $200M of net operating loss carry-forwards.
- Previously: Sinclair Broadcast Group seals $350M deal for Tennis Channel (Jan. 27 2016)
Tue, Feb. 23, 7:34 PM
- A Mexico court has ordered that the domestic business of Nextel will need to compensate users in a class action suit, though it's not clear whether Nextel's previous owner or its current one -- AT&T (NYSE:T) -- will be liable for payment, or how much.
- More than 3M users could benefit from a ruling against Nextel for poor service and improper charges between 2012 and 2014. Compensation for improper charges is subject to a 9% annual interest rate, and customers would be granted their losses plus 20%, says Profeco, the country's consumer protection agency.
- AT&T bought Nextel Mexico from NII Holdings last year, after the period at issue in the suit.
Tue, Feb. 23, 7:24 PM
- Deutsche Bank launched coverage of U.S. telecom companies late today, picking "select pockets of opportunity" in a challenging sector.
- Specifically, the firm's Matthew Niknam has three top growth picks: T-Mobile (TMUS +1%), Crown Castle International (CCI -0.5%), and American Tower (AMT -1.4%), all rated Buy.
- He assigned a $46 price target to T-Mobile, implying 27% upside from today's close of $36.20, noting "best-in-class growth, margin/FCF expansion, and strategic appeal to potential industry partners." A price target of $98 implies 13.5% upside for Crown Castle, while a target of $104 implies 18.2% upside for AMT.
- Of the group, AT&T (T -0.4%) and Frontier (FTR +12.6%) also received Buys, with respective price targets of $40 (8.9% upside) and $5.50 (8.3% upside from today's significantly higher close).
AT&T, Inc. provides telecommunication services and products, including wireless communications, local exchange services, long-distance services, data/broadband and Internet services, video services, telecommunications equipment, managed networking and wholesale services. It operates business... More
Industry: Telecom Services - Domestic
Country: United States
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