AT&T Names Stankey to Run Media Company After Time Warner Acquisition
As it prepares to complete its acquisition of Time Warner, AT&T announced a series of executive appointments.
John Stankey, who had been CEO of AT&T’s Entertainment Group, as expected will become CEO of AT&T’s media company once the merger is complete.
Stankey will report to AT&T CEO Randall Stephenson and work with Time Warner CEO Jeff Bewkes on what AT&T called a “smooth leadership transition.”
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John Donovan was named CEO of AT&T Communications, which includes AT&T’s Business Solutions, Entertainment Group and Technology and Operations Groups. Donovan had been chief strategy officer and group president of AT&T Technology and Operations.
Lori Lee was named head of AT&T International in addition to her responsibilities as global marketing officer. Lee was previously lead of AT&T’s Time Warner Merger Integration Planning Team.
Donovan and Lee will also report to Stephenson.
Related: AT&T Loses 199,000 Video Subs in Q2
"We look forward to completing the deal and delivering for customers the many benefits of this merger," said Stephenson.
AT&T’s acquisition of Time Warner is under review by the Justice Department and competition authorities in certain other countries.
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Jon has been business editor of Broadcasting+Cable since 2010. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Just about any story is fair game, if a dollar sign can make its way into the article. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago.