AT&T CEO John Stankey Says WarnerMedia-Discovery Deal On Track – ‘No News Is Good News’

AT&T CEO John Stankey Says WarnerMedia-Discovery Deal On Track – ‘No News Is Good News’
AT&T CEO John Stankey said the company is working closely with regulators on the WarnerMedia-Discovery deal announced in late May and so far hasn’t seen anything “that’s been particularly problematic” in the review process.

“No news is good news,” he said on a conference call to discuss the telecom and broadband giant’s quarterly earnings. “We’re basically tracking through the process, as we would expect to do. Right now it’s a lot of wok with the regulatory agencies and [producing] documentation and information and all that is underway.”

He still expects approval will take a full year with a green light in 2022. “I don’t have any reason to suggest it is going to be any different than that,” he said in response to a question. The deal hasn’t helped the stock price of either company (AT&T shares are off slightly in early
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