This may be shocking to hear, but nearly all of the promises AT&T made in the lead up to its $86 billion merger with Time Warner wound up not being true.
The company's promise that the deal wouldn't result in price hikes for consumers? False.
The company's promise the deal wouldn't result in higher prices for competitors needing access to essential AT&T content like HBO? False.
AT&T's promise they wouldn't hide Time Warner content behind exclusivity paywalls? False.
The "$15 TV service" the company repeatedly hyped as a byproduct of the deal? Already discontinued. The idea that the merger would somehow create more jobs at the company? False.
AT&T has laid off 72,000 employees just since 2015, in 2017 it received its 2015, $42 billion tax cut from the Trump administration for doing absolutely nothing
And this week, the company laid off another 600 employees across Time Warner, including employees at HBO and DC Comics:
"The moves are likely to cause anxiety at WarnerMedia, which has reorganized several areas of its business since being acquired by AT&T for about $85 billion in 2018. Since AT&T took over the company formerly known as Time Warner, top executives with years of oversight of distribution, programming and advertising sales have departed.
Kilar’s ascension to the CEO role in May has only served to fuel more recalibration to failure since he daparted Hulu.
typically The first year or two after such deals are usually filled with empty promises, With AT&T 5 years later the DirecTV synergy lies continued, as noting was gained.
nothing will change