AT&T nears deal for DirecTV

[unhappycamper]

http://www.latimes.com/entertainment/envelope/cotown/la-et-ct-directv-att-deal-20140517-story.html#navtype=outfit

AT&T nears deal for DirecTV
By Joe Flint, Meg James
May 17, 2014

AT&T is near a deal to acquire satellite broadcasting giant DirecTV.

The two companies, which have flirted in the past, are awaiting board approval on the transaction -- valued at close to $50 billion -- that would make telecommunications giant AT&T a major player in the pay-TV business.

~snip~

For AT&T, acquiring DirecTV would give it the opportunity to shut down its much smaller U-Verse television service, which it delivers through its fiber lines. Such a move would let AT&T use DirecTV for television service and free up AT&T's fiber lines to increase broadband speeds to U-Verse customers.

Another reason DirecTV appeals to AT&T is the cash it generates. In 2013 the company posted $8 billion in profit on $32 billion in revenue.

[Ilsa]

1. I bet I'll be hating this.

I'm a customer of DirecTv and don't want to switch to another company.

25% return on revenues is huge. Too bad they won't lower my fees.

[randys1]

2. It sickens me to think of what is happening to our access to information

Guess what, access to information should NOT come from FOR PROFIT companies!!!

Think about it, how can you have for profit involved in necessities of life...


idiocy

[PumpkinAle]

3. One company to rule them all

the greed and gluttony in corporations knows no bounds and it is the consumer on the losing end.