AT&T Chief Says Time Warner Deal is Key to Digital Future

Los Angeles Times: AT&T is losing money on DirecTV Now, CEO Randall Stephenson says, but the streaming service is just part of his long-term focus on yanking AT&T into the digital-entertainment future. The centerpiece of that plan: buying Time Warner, a vast source of movies and shows that AT&T could then stream to its subscribers’ mobile devices and use to sell more ads.