AT&T Marks Exit from Costly Push into Media with DirecTV Sale

In one of the most significant reversals of its long, costly foray into the media business, AT&T Inc. has agreed to a sale of the remaining stake in DirecTV, thereby effectively scaling down exposure to a satellite television service that has been bleeding subscribers. The deal gives clear indications that AT&T is concentrating on core business operations: wireless and broadband services, after years of investments and divestitures within the media arena.

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