AT&T Sees Dip in Pay TV Subscribers in Fourth Quarter, Meets Profit Expectations

Telecom giant AT&T, which has agreed to acquire Time Warner for $85.4 billion, on Wednesday reported a slight loss in TV subscribers as it reported its fourth-quarter results. During the latest quarter, AT&T posted earnings of $2.4 billion, down from a year-earlier profit of $4 billion, on overall revenue down slightly to $41.8 billion, compared to a year-earlier $42.1 billion.