Does AT&T Still Need DirecTV?

Does AT&T Still Need DirecTV?

AT&T (NYSE: T) just reported another quarter of staggering pay-TV subscriber losses. Almost 900,000 fewer people subscribed to one of AT&T's premium TV services at the end of June compared to a quarter earlier. The bulk of those subscriber losses can be attributed to DirecTV, from which AT&T has been under pressure to divest since activist investor Elliott Management bought a sizable stake in the company.