AT&T Announced the Three Executives Who Will Head Its Businesses After The Close of the Time Warner Deal

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    On Friday, July 28, AT&T Inc (NYSE:$T) announced that its executives will head its media and wireless businesses. The news came after the close of its $85.4 billion acquisition of Time Warner Inc. (NYSE:$TWX).

    Starting August 1, John Stankey will lead his troops charged with Time Warner’s integration before making the transition to chief executive of the business once the merger is finalized. Additionally, John Donovan, who is the current chief strategy officer, has been named as the chief executive of AT&T, which will now include AT&T’s wireless and DirecTV businesses.

    If all goes as planned, and the deal comes to a close by the end of 2017, this acquisition will give AT&T the control of cable TV channels HBO and CNN, film production studio Warner Bros, and numerous other coveted media assets. However, it still needs to be approved by the United States Justice Department.

    Further, AT&T has announced that Lori Lee will lead the company’s international business. This is on top of her responsibilities as global market officer.

    As for the three executives, they will continue to report to Randall Stephenson, who is the Chief Executive at AT&T.

    Earlier this month, a Reuters source mentioned that, following the acquisition of Time Warner, AT&T would be running its wireless and DirecTV satellite television businesses separately from Time Warner’s media assets.

    In after-hours trading, shares of AT&T were up 8 cents at $39.08.

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    Author Caroline Harris
    About the author: Caroline Harris is a third-year student at Capilano University in North Vancouver, Canada. Having already completed an Associates Degree in Psychology, Caroline is now finishing her Bachelor's degree in Communications. In preparation for working in the advertisement sector, Caroline is writing financial content and analysis. On a daily basis, Caroline works on articles regarding the following topics: finance, cryptocurrency, technology, and politics.