AT&T Inc is going to restructure
its WarnerMedia business, according to an internal memo to employees on Monday
seen by Reuters, as it is lining up to challenge the Walt Disney Co and Netflix
Inc at streaming video services.
AT&T restructuring began with
resignation of two top executives leaving, as Richard Plepler, HBOs head and
David Levy, both left the company at start of this month, but there will
possibly another round of more layoffs and cost cutting plans the company will
be going through as part of its
restructuring strategy.
Last week AT&T finally got
clearance for its $85 billion deal to acquire Time Warner when an appeal court
ruled in favor of the company in a case challenging the deal and now AT&T
is more focusi…
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