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    AT&T CEO Stephenson steps down; Stankey to succeed him

    By SHOOTUpdated:No Comments1702 Views
    In this Feb. 21, 2019 file photo, AT&T Chairman & CEO Randall Stephenson is interviewed by Maria Bartiromo during her "Mornings with Maria Bartiromo" program on the Fox Business Network, in New York. Stephenson is stepping down after leading the telecommunications giant for 13 years. The Dallas company named John Stankey as chief executive effective July 1, 2020. Stankey, 57, has been president and chief operating officer since October 2019 (AP Photo/Richard Drew, File)
    NEW YORK (AP) --

    AT&T CEO Randall Stephenson is stepping down after leading the telecommunications giant for 13 years. 

    The Dallas company named John Stankey as chief executive effective July 1. 

    Stankey, 57, has been president and chief operating officer since October 2019. He joined AT&T in 1985. 

    Stephenson, 60, will stay on as executive chairman until January 2021. During his tenure, Stephenson transformed the former Ma Bell into a conglomerate with the acquisition of DirecTV and the $81 billion acquisition of Time Warner. 

    His retirement last year was postponed after an activist investor questioned the elevation of Stankey and pushed for other changes. That dispute was settled  in October. At that time the company said Stephenson would stay on at least through 2020.

    AT&T is trying to adapt to the shift to streaming video, as subscribers to traditional cable and satellite TV services fall. In May, it's launching HBO Max, a $15-a-month streaming service  that will marry HBO shows with original programs and TV shows and movies from WarnerMedia. AT&T also has an online package that started as a cheaper service with fewer channels than a traditional bundle, but it is shedding customers after price increases. AT&T is now trying to downplay that service in favor of the new AT&T TV.

    Like many companies it has also had results hurt by the pandemic. On Wednesday the company said revenue fell nearly 5% to $42.9 billion in the first quarter, and it withdrew its financial guidance for the year. The virus hurt results by $600 million due to canceled sports events like the March Madness college basketball tournament. 

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    Tags:AT&THBO MaxJohn StankeyRandall StephensonTime Warner



    Ye, formerly known as Kanye West, shows up for Sean “Diddy” Combs’ trial but can’t get in

    Friday, June 13, 2025
    Ye, the rapper formerly known as Kanye West, leaves federal court during the trial of Sean "Diddy" Combs in New York, Friday, June 13, 2025. (AP Photo/Larry Neumeister)

    Ye, the rapper formerly known as Kanye West, briefly showed up to the New York sex trafficking trial of Sean "Diddy" Combs on Friday to support the hip-hop mogul, a longtime friend. But he wasn't allowed into the courtroom and left after briefly watching the trial on a video monitor in another room.

    Ye, dressed in white, arrived at Manhattan federal court before noon while the trial was on a break and spent about 40 minutes in the building.

    After emerging from an airport-style security screening, Ye was asked if he was at the courthouse to support Combs.

    "Yes," he responded with a nod. He then hustled to an elevator and did not respond when asked if he might testify on Combs' behalf when the defense begins its presentation as early as next week.

    Courthouse security did not take him to the 26th floor where the trial occurs in one of the building's largest courtrooms. Admittance there is strictly controlled, with seats reserved for Combs' family and legal team, the media and spectators who wait in line for hours to get a coveted seat.

    The rapper was taken instead to a courtroom three floors below the trial floor. There, he briefly observed testimony on a large closed-circuit monitor in an overflow room that was one floor below the usual overflow room, which was packed with media representatives and courthouse employees who heard erroneously that he might be there.

    As word of his actual location spread and spectators trickled into the room where Ye sat in the front row with Combs' son, Christian, a bodyguard and another Combs' supporter on a side of the room that was otherwise kept vacant by a court officer, Ye looked around the room before abruptly getting up and leaving, along with the others with him.

    Ye didn't... Read More

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