While few batted an eyelid at AT&T experiencing another 954,000 pay TV subscriber losses in Q2 2020, what continues to frustrate us is how outlets cannot seem to understand how this is the calm before the storm. Lockdowns have played into the hands of operators, some more so than others, and the new OTT video platform HBO Max came at an opportune time for AT&T – papering over the cracks (more like full-on structural ruptures by now) which will be emphasized by trends to come in Q3 and Q4 to devastating effect. AT&T isn’t completely stupid, despite the board accruing more than its fair share of red flags in recent years. What the bizarre trends of 2020 have allowed AT&T…