AT&T Spreads Thin, all over the place, Verizon Sticks to What it Knows
In efforts to hedge against declining subscriber growth, AT&T has carried out an ambitious restructuring initiative to become a leader in the next-gen media space, beefing up its business with media production and distribution arms. Now, however, it looks like the $240 billion conglomerate may have spread itself too thin, posting profits below the consensus estimate, alongside a massive decline in wireless tablet customers and lower EBITDA for its entertainment business.