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AT&T warns of video sales nosedive, but adds 300k to DirecTV Now

We have issued warning after warning about AT&T’s DirecTV merger, and especially the ability of AT&T to sustain the number of pay TV customers going forwards. It lost close to 1 million subscribers while the merger deal was waiting to be approved and the launch of DirecTV Now offers consumers an opportunity to downgrade their service to substantially, which may drive lower profits. Now in an 8K form just filed this week, AT&T has issued a Trading update, suggesting that some financial damage has been wrought by the hurricane season, and its pre-occupation with fixing its networks, but the giant also suggests that while it will have signed 300,000 DirecTV Now customers in the current quarter, it will lose a…

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