Perception for the obvious years late with being visionaries. They overpaid and bought all this content just as high priced content is being devalued, saturated, and watered down through the onslaught of cheap near zero cost content. Should have been investing in the pipes and delivery mechanisms of all this c-ap content and not worried about the advertisement dollars. The very same advertisements are now having their effectiveness questioned. They will lag far behind Verizon, Sprint/TM, and Comcast once they figure it out all again years late to the dance. Does anyone really expect ground breaking high demand content from ATT?
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Should of, could have, would have... some people are really good at that.