AT&T Has More Worries Than Tepid Results

It has been an anxious year for AT&T investors. The company has seen its pay-TV subscribers shrink quarter upon quarter as customers cut the cord in favor of streaming services. It has spent tens of billions of dollars acquiring new assets to stanch the bleeding, including its $81 billion acquisition of Time Warner. And, to make matters worse, the Justice Department has appealed the merger. Investors…

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