AT&T CEO Outlines Digital Video Plan to Take On Netflix

Financial Times: AT&T said it would use its proposed $85.4 billion acquisition of Time Warner to build a digital video platform to rival Netflix, as it outlined the rationale for a takeover. CEO Randall Stephenson said that owning content from HBO and Warner Bros. would allow AT&T to move more quickly as it builds a new video product to offset the decline of DirecTV.