AT&T Inc (T)

[OMOLIVES]

Exactly and thanks. That is why I was applauding the recent ATT move with Discovery et al. Better use of cash and what is so laughable about the Seeking Alpha art' is this:

https://tvanswerman.com/2022/05/11/directv-does-nfl-sunday-ticket-make-a-profit/

Now to your question: If the Sunday Ticket is so profitable, why doesn’t DIRECTV want to keep it as an exclusive after this season? And if it’s not a money-maker, why are Apple and Amazon prepared to pay more than $2 billion a year for the rights, according to the news reports?

The answer lies in uncovering one of the great myths about the NFL Sunday Ticket: It does not make a profit, has never made a profit, and will never make a profit.


How do I know this?

AT&T told us.

The telco last year filed a statement with the Securities and Exchange Commission that said it had agreed to pay up to $2.1 billion in losses stemming from the Sunday Ticket contract as part of its sale of a minority stake in DIRECTV to the private equity firm, TPG.