Jun 20, 2018

Report: AT&T plans to buy all of Otter Media

Photo: Kena Betancur/AFP/Getty Images

AT&T is on a media acquisition spree with Otter Media, the digital video company currently owned by AT&T and media holding company The Chernin Group, as its next target. Sources tell Recode that AT&T plans to buy out Chernin’s stake in the company.

Why it matters: AT&T needs content to build out its new digital advertising and streaming businesses — ventures that will be created in light of its successful acquisition last week of Time Warner Inc.

  • Cheddar reported Tuesday that AT&T is looking to acquire AppNexus, one of the largest privately-owned ad exchanges, to bolster is digital advertising efforts.
  • And AT&T CEO Randall Stephenson teased several upcoming acquisitions in a CNBC interview last week.

The details: Otter Media is reportedly valued around $1 billion. Its assets include a streaming video company called Fullscreen and a subscription video product. According to Recode, the deal is expected to close this summer.

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Coronavirus updates: Global death toll tops 32,000

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens and confirmed plus presumptive cases from the CDC

The novel coronavirus has now killed more than 32,000 people around the world — with Italy alone reporting over 10,000 deaths, per data from Johns Hopkins.

The big picture: The number of deaths from COVID-19 in the U.S. surpassed 2,000 on Saturday. The United States leads the world in confirmed coronavirus infections, with more than 125,000 by noon on Sunday. The number of those recovered from the virus in the U.S. surpassed on Saturday evening.

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Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 12 p.m. ET: 685,623 — Total deaths: 32,137 — Total recoveries: 145,706.
  2. U.S.: Leads the world in cases. Total confirmed cases as of 12 p.m. ET: 125,313 — Total deaths: 2,197 — Total recoveries: 2,612.
  3. Federal government latest: Trump announces new travel advisories for New York, New Jersey and Connecticut, but rules out quarantine enforcement.
  4. Public health updates: Fauci says 100,000 to 200,000 Americans could die from virus.
  5. State updates: Louisiana governor says state is on track to exceed ventilator capacity by end of this week.
  6. World updates: In Spain, over 1,400 people were confirmed dead between Thursday to Saturday.
  7. What should I do? Answers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk
  8. Other resources: CDC on how to avoid the virus, what to do if you get it.

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Fixing America's broken coronavirus supply chain

Polowczyk speaks at a coronavirus briefing at the White House, March 23. Photo: Brendan Smialowski/AFP via Getty Images

The senior Navy officer now in charge of fixing America's coronavirus supply chain is trying to fill the most urgent needs: ventilators and personal protective gear. But barely a week into his role at the Federal Emergency Management Agency, he's still trying to establish what's in the pipeline and where it is.

Driving the news: "Today, I, as leader of FEMA's supply chain task force, am blind to where all the product is," Rear Adm. John Polowczyk tells Axios.

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