'DirecTV Says CNN Streaming Service Risks Violating Deal' - New York Times
Portfolio Pulse from Benzinga Newsdesk
DirecTV has expressed concerns that CNN's new streaming service may violate their existing deal. The satellite TV provider, owned by AT&T (T), has warned that the move could potentially breach their contract, which could lead to legal disputes.
October 03, 2023 | 4:18 pm
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NEGATIVE IMPACT
AT&T, as the owner of DirecTV, could face legal disputes if CNN's new streaming service violates their existing deal. This could potentially impact AT&T's stock negatively in the short term.
Legal disputes can often lead to financial losses and damage to a company's reputation, which can negatively impact the stock price. As the owner of DirecTV, AT&T could be directly affected by any potential legal disputes arising from the deal with CNN.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100