Time Warner volatile, AT&T higher as Senate holds hearings

|About: AT&T Inc. (T)|By:, SA News Editor

Among early testifiers, and in favor of the deal, is Mark Cuban (interesting snippet here via Cheddar): "In the past, we went to our media ... Today our media comes to us ... The idea that TV is the dominant content delivery mechanism no longer is valid." These two companies need to combine, he says, just to have a chance to compete with the true dominant content providers: Facebook, Google, Microsoft, Apple, and Amazon.

AT&T (T +1.5%) CEO Randall Stephenson promises consumers "better priced options than they have today." More: "There is a huge segment of our market that wants a bundle that doesn't involve sports."

TWX is fluctuating on both sides of unchanged.

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