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AT&T Spins Off Pay TV Business As It Doubles Down on Streaming

at&t-spins-off-pay-tv-business-as-it-doubles-down-on-streaming

Private equity firm TPG will take 30% stake in new venture


AT&T will retain a majority stake in the new venture.
DirecTV, kundoy/Getty Images

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By Kelsey Sutton

60 mins ago

AT&T is spinning off its traditional pay TV business, which includes the DirecTV, AT&T TV and U-Verse video services, into a separate company that will be jointly operated by AT&T and the private equity firm TPG, the companies said today.

Kelsey Sutton

@kelseymsutton
[email protected]
Kelsey Sutton is the streaming editor at Adweek, where she covers the business of streaming television.

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