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How does AT&T even have $80B. They have been irrelevant for many years. On the flip side I guess it makes sense that a big media company is on the rails. For m
by droithomme 10y ago
How does AT&T even have $80B. They have been irrelevant for many years.
On the flip side I guess it makes sense that a big media company is on the rails. For media companies it's hard to make a living in the new economy. (Virtually) no one buys magazines these days so Time is irrelevant. And most people are pirates so being a movie studio is likewise a dead end vocation. They're lucky to find someone that wants to buy them. The price is absolutely enormous. Again, where on earth does AT&T have this sort of money.
- muninn_ 10y agoWait what do you mean irrelevant? They are a gigantic corporation with a revenue of nearly $150 billion/year.
- neom 10y agoIrrelevant for many years? Uhm: http://as-rank.caida.org/?mode0=as-info&mode1=as-table&as=7018 http://as-rank.caida.org/?mode0=as-info&mode1=as-table&as=70...
- lagadu 10y ago> (Virtually) no one > And most people are pirates I'm fairly confident you have a very unrealistic/limited/biased view of reality: most people are not pirates. The virtually extinct magazines can still be seen on millions of points of sale every day around the world and if they're there with new stocks and content every day/week/month then they're still very widely sold. AT&T is a $226b corporation and time warner productions is a $73b who just got bought for 80.
- gniv 10y agoAT&T the holding company is not the AT&T company you imagine. See here for what makes up the current AT&T: https://en.wikipedia.org/wiki/AT%26T#Corporate_structure https://en.wikipedia.org/wiki/AT%26T#Corporate_structure I think most of the money is made by what used to be called SBC, which has very lucrative landlines in the south; plus the mobile carrier business.