AT&T Time Warner merger

AT&T to launch a Netflix competitor late 2019

Photo by Igor Golovniov/SOPA Images/LightRocket via Getty Images

AT&T will launch a new direct-to-consumer streaming service in late 2019 that will offer a collection of "WarnerMedia" (formerly Time Warner) content, the company wrote in a regulatory filing Wednesday.

Why it matters: The product will help AT&T accrue more customers while also capturing more of their current Pay-TV and skinny bundle customers' time, attention and dollars.

AT&T CEO says no evidence Trump's dislike for CNN will impact future deals

Photo: Randall Stephenson/Axios

AT&T CEO Randall Stephenson says he hasn't seen any indiction that President Trump's dislike for CNN will impact future AT&T deals or regulation, explaining at the company's Relevance Conference Tuesday, "so far we've seen no evidence that that's the case... the contest is over and it seems that everybody is moving on."

Why it matters: President Trump's opposition to AT&T's historic $85 billion deal to acquire Time Warner was met with criticism due to his outward distaste for CNN. A sitting U.S. president is not supposed to meddle with regulatory affairs at independent agencies like the Justice Department.