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Abramson breaks silence about NYT firing
May 19th, 2014
02:25 PM ET

Abramson breaks silence about NYT firing

By Brian Stelter, CNN

Jill Abramson, who was fired as executive editor of The New York Times last week, doesn't know what she'll do next. But she knows she won't be getting her tattoo of the newspaper's logo removed.

Abramson spoke for the first time about her abrupt dismissal during a commencement address at Wake Forest University Monday morning.

She joked about the timing of the address. "I think the only real news here today is your graduation from this great university!" she told the graduates. She then spoke at length about the topic of resilience, citing her own experiences at The New York Times.

Abramson did not speak an ill word about The New York Times or its publisher, Arthur Sulzberger, Jr., who forced her out after fewer than three years as executive editor. She praised the newspaper and said "it was the honor of my life to lead the newsroom."

FULL STORY ...

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Filed under: Jill Abramson • New York Times
What AT&T-DirecTV deal means for consumers
May 19th, 2014
01:30 PM ET

What AT&T-DirecTV deal means for consumers

By Brian Stelter, CNN

If approved by regulators, AT&T's $49 billion bid for DirecTV would be the fourth-biggest telecommunications merger in history. So everybody has an opinion about it.

Sunday's deal announcement stirred enthusiasm, opposition and above all else curiosity about what the combination of AT&T (TFortune 500) and DirecTV (DTVFortune 500) could look like. The House Judiciary Committee immediately said that it would hold a hearing to scrutinize the deal.

In the short term, the deal is unlikely to affect either company's customers. But the long term is another story.

AT&T - like its rivals Verizon (VZFortune 500) andComcast (CMCSAFortune 500) - clearly wants to sell bundles of broadband and television that deliver on the promise of anything/anytime/anywhere programming.

FULL STORY ...

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Filed under: AT&T • DirecTV
May 19th, 2014
09:55 AM ET

AT&T and DirecTV strike $49 billion deal

By Brian Stelter, CNN

AT&T said Sunday that it had agreed to acquire America's biggest satellite television provider, DirecTV, in a deal worth almost $50 billion.

If approved by regulators, the acquisition will give AT&T a stronger hand in shaping the future of television distribution and consumption.

AT&T-DirecTV would be the country's No. 2 provider of television subscribers behind a combined Comcast-Time Warner Cable. Add it all up, and Comcast and AT&T would control more than half of the market for pay television.

"This is a unique opportunity that will redefine the video entertainment industry and create a company able to offer new bundles and deliver content to consumers across multiple screens - mobile devices, TVs, laptops, cars and even airplanes," said AT&T CEO Randall Stephenson.

FULL STORY ...

 

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Filed under: AT&T • DirecTV