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The Latest Breaking News from Craig Moffett

New Verizon CEO Dan Schulman, Former PayPal Chief, Announces 20% Workforce Reduction Amid Challenges

Dan Schulman, Verizon's new CEO and former board member, plans to cut 15,000 jobs, over 20% of management, following massive acquisitions that analysts say drove the need for cuts.

International Business Times UK

Should You Buy Apple Stock Before September 9?

Apple stock remains in focus ahead of the company’s product launch event on Sept. 9. Here’s how you should play AAPL shares ahead of the upcoming iPhone 17 launch.

Barchart

Analyst With Sell Rating On AAPL Stock Warns Tim Cook's Company 'Is Unprepared For Something That Transformational'

Despite Apple Inc.‘s (NASDAQ:AAPL) recent management overhaul, CEO Tim Cook is facing mounting criticism from analysts over his leadership and the company’s innovation strategy.

Benzinga

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Apple CEO Tim Cook has created more shareholder value than Steve Jobs. But suddenly his weaknesses are on display in the AI era

A lackluster AI strategy and a string of executive departures are weighing on Apple's stock.

Fortune

Will DirecTV and Dish Finally Merge? 'It's Hard to Imagine That Regulators Would Block This Deal,' Analyst Says

But a lack of synergy between the two satellite TV units could render this deal, anticipated for decades, inconsequential, says one analyst

Broadcasting & Cable

Charter's Spectrum Launches ‘Life Unlimited’ Brand Platform to Counter Wireless Competition

New $30-per-month internet plan announced

Multichannel News

YouTube TV Slows Its Roll — vMVPD Adds Only 50,000 Customers in Q2 After Posting First-Ever Quarterly Loss

Will the return of football rekindle Google virtual pay TV service’s once-incendiary growth?

Broadcasting & Cable

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U.S. Pay TV Loses 1.62 Million Subscribers in Q2, 10th Consecutive Quarter of Double-Digit Percentage Losses for Linear

The sector has shed 4 million subscribers in the first 6 months of 2024

Multichannel News

Dish and Sling TV Revenue Collapses, Down a Record 10% in Q2

This might be the other shoe dropping for Charlie Ergen’s near-bankrupt parent company, EchoStar

Multichannel News

Addicted to the Olympics? A turnaround for the Peacock streaming service probably contributed

Three years ago in Tokyo, NBC's Peacock streaming service was a laughingstock, riddled with glitches and unfulfilled promise

The Independent UK

T-Mobile Fixed Wireless Growth Slows 27% to 406,000 Customers in Q2 as Operator Turns Its Attention to … Fiber-Fueled Convergence

T-Mobile, which believes it only has capacity for 7 million to 8 million FWA subscribers, just entered into its second fiber joint venture in the last 3 months

Broadcasting & Cable

Dumb in Dallas? AT&T Keeps Pushing a ‘Convergence’ Advantage It Simply Does Not Have

AT&T once again played up the ‘opportunity’ presented by its fiber-mobile convergence strategy during its second-quarter earnings call Wednesday … but the telecom still only has fiber in 12% of the country

Broadcasting & Cable

Comcast Has Its Worst Broadband Customer Quarter Ever at 120,000 Lost Subscribers

But Comcast’s broadband ARPU keeps rising, up 3.6% to $73.88, suggesting those lost ACP customers weren’t big revenue drivers

Multichannel News

Amid Another Worst Quarter Ever for U.S. Pay TV, Even YouTube TV Lost Subscribers in Q1, Analyst Says

Craig Moffett says advertisers are now fleeing linear for streaming, too, taking even more marquee content and eyeballs with them

Broadcasting & Cable

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Multichannel News

DirecTV Turns 30: Colorful History, Questions About the Future

‘It’s obvious that a pure broadcast platform isn’t long for this world,’ analyst says

Multichannel News

‘This Company Can Produce a Lot More Value Both in Cash for Shareholders and Also for Customers,’ Says DirecTV COO Michael Wittrock

Strategic plan includes more streaming and ‘super aggregation,’ giving consumers the entertainment they want and a better way to find programming

Broadcasting & Cable

Cable Controlled 75% of U.S. Mobile Growth in Q1, Is Exploiting Convergence Advantage Over Wireless, Analyst Says

While cable companies can offer a converged bundle to all their customers, wireless competitors don't come even close, notes Craig Moffett

Multichannel News

Dish Network‘s Pay TV Business: ’A Melting Ice Cube … on a Hot Day’

With Sling TV subscribers dropping below 2 million for the first time in seven years, Dish’s pay TV engine can no longer keep the larger EchoStar enterprise afloat, analyst says

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Broadcasting & Cable

T-Mobile FWA Growth Slows 23% in Q1 to 405,000 Customers ... Why It's Not Time for Comcast and Charter to Rejoice Just Yet

With Verizon also reporting decelerated first-quarter fixed wireless expansion, analyst says cable's competitive threat from FWA 'probably peaked in Q4 of last year' ... but cable has another problem

Broadcasting & Cable

Peacock's $110 Million NFL Playoff Gamble Pays Off, Tripled Subscriber Growth in Q1 While Still Cutting Losses

Peacock's exclusive presentation of the Chiefs-vs.-Dolphins Wild Card game back on Jan. 13 resulted in one of subscription streaming's biggest signup events ever

Broadcasting & Cable

Pay TV Companies, and the DOJ, Push Back on Big 'Spulu' Sports Streaming Joint Venture

The new service would seem to run right up against so-called 'most-favored-nation' agreements with operators, who have been clamoring for similar kinds of skinny bundles for decades

Broadcasting & Cable

Altice USA Stock Perks Up in After-Hours Trading as Cable Company Meets Q4 Forecasts

But analyst Craig Moffett is concerned that price cuts meant to rekindle flagging broadband customer growth might also crater ARPU

Broadcasting & Cable

Charter Communications’ Wall Street Slide Reaches 19% After Friday Earnings Miss

Charter lost more broadband customers than expected in the fourth quarter. And as one analyst put it, ‘It’s all about broadband net adds’Charter lost more broadband customers than expected in the fourth quarter. And as one analyst put it, ‘It’s all about broadband net adds’

Broadcasting & Cable

AT&T's Unimpressive Earnings Growth Shows ‘5G Is Running in Place,’ Craig Moffett Says

The top telecom biz analyst also says that if broadband convergence happens, ‘cable operators are going to win the war’

Multichannel News

Altice USA Sets Huge Broadband Price Cuts: 36% Off on 300 Mbps FTTH

The struggling cable operator is trying to undo an overzealous era of cost-cuts and consumer price increases

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