AT&T Seeks to Shake Up Pay TV with Internet Video Service

Wall Street Journal: After spending nearly $50 billion in summer 2015 to acquire DirecTV, AT&T is preparing to roll out an internet video service that could upend its satellite-television business along with the rest of the pay-TV industry. The service, called DirecTV Now and expected to launch by year-end, will stream dozens of live channels without the need for a satellite dish, cable box or annual contract.