the republic logo

AT&T tells Congress that DirecTV deal could slow price hikes, not reverse them

Share/Save/Bookmark

NEW YORK — AT&T's CEO has told Congress that his company's purchase of DirecTV will help slow increases in programming prices, but won't lead to a decrease in prices.

CEO Randall Stephenson spoke to two Congressional committees Tuesday to defend AT&T's $48.5 billion deal to buy the country's largest satellite TV broadcaster.

Stephenson was pressed on the cost issue at a hearing of the Senate Commission of the Judiciary. He said pay-TV costs are rising because of programming costs driven by TV studios and sports networks, and said he couldn't promise a decline in prices.

Public-interest groups say the deal will lead to less competition, since AT&T and DirecTV compete in providing pay-TV services to about 25 percent of the country.

Think your friends should see this? Share it with them!

All comments are moderated before posting. Your email address must be verified with Disqus in order for your comment to appear.
View our commenting guidelines and FAQ's here.

Story copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.


We also have more stories about:
(click the phrases to see a list)

Category:

Follow The Republic:

All content copyright ©2014 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.