DirecTV May Yet Cost AT&T Another Dividend Cut


  • The market may be gravely underestimating how much damage Sunday Ticket’s move to streaming will do to DIRECTV.
  • DIRECTV is no longer publicly traded but is owned by TPG and AT&T, with a 70% share for Ma Bell.
  • AT&T’s profit and FCF could fall by as much as $1 billion; TPG’s will be proportionally identical.

Watching soccer championship at home


After days of unofficial leaks and months of rampant speculation, it is now confirmed that the NFL Sunday Ticket package will be leaving DIRECTV and going to Google’s (GOOG) (GOOGL) YouTube TV. While the implications for Google

Disclosure: I/we have a beneficial long position in the shares of TMUS either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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