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AT&T Falls Midday After Reports of HBO Senior Staff Leaving

Published 09/17/2019, 11:34 AM
Updated 09/17/2019, 01:19 PM
© Reuters.

Investing.com - HBO staff aren’t happy with the direction the channel is taking and at least four senior-level staff are expected to leave in the next few weeks, NBC’s Dylan Byers reported on Tuesday..

The resignations are due to either frustrations with WarnerMedia chief John Stankey or are the result of his consolidation efforts, Byers said, quoting sources close to the organization.

More than 15 HBO executives, managers and producers have left since the AT&T (NYSE:T) and Time Warner deal.

AT&T (NYSE:T) fell 1% in midday trade.

Latest comments

It won't be long until AT&T wrecks HBO.  Look what happened to Direct TV.  Anything they touch turns to -- Guess what?
This is a high turnover business in any case... there is so much investment, M&A, and reorganization that lots of companies are seeing people movement.  Who knows if these figures are high or low relative to the industry.  Journalists are SO BAD at their jobs.
HBO is worthless anyway.
yea good one
They are all heading to Netflix
Of course. ATT would be best broken into tiny bits and sprinkled to the wind.
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