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AT&T Boss Sees Room to Raise Prices, Cut Costs After Media Exit



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AT&T Inc. Chief Govt Officer John Stankey says inflation might immediate the wi-fi and broadband firm to boost costs for some core companies whereas it continues to chop prices after getting out of the media business.

The corporate on Friday accomplished the deliberate separation of its film-and-TV empire into a brand new publicly traded firm referred to as Warner Bros. Discovery. AT&T shareholders will get a 71% stake within the new entity, which will be led by Discovery Inc.’s David Zaslav.