Roberts: AT&T/DirecTV Are ‘Powerful Combination’ - Broadcasting & Cable

Roberts: AT&T/DirecTV Are ‘Powerful Combination’

Comcast chief says pending deal proves market is changing
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Comcast chairman and CEO Brian Roberts told analysts Tuesday that he believes AT&T’s pending deal to acquire DirecTV is a “powerful combination,” adding that the $67 billion merger validates the idea that the market is changing rapidly.

Roberts, speaking on a conference call with analysts to discuss second quarter results, said the two companies are “part of the reason we have lost video subs,” over the past six years.

“And it sort of for me validates the changing and dynamic nature of the market that we are living in, the technological changes, the consumer behavior changes that are happening at very fast speeds,” Roberts said.

AT&T’s May decision to acquire DirecTV in a cash and stock deal was a direct response to Comcast’s own pending $69 billion acquisition of Time Warner Cable. The TWC deal will create a cable operator with about 30 million subscribers, still well ahead of the 26 million the combined AT&T/DirecTV will amass.

For the full story go to Multichannel.com.

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