AT&T's Plan to Fix Its Entertainment Segment in 2020
2019 has been a tough year for AT&T's (NYSE: T) entertainment segment. It lost nearly 3 million video subscribers through the first nine months of the year. Management says subscriber losses should've peaked last quarter, when it lost nearly 1.4 million total customers between its premium pay-TV services and its over-the-top service, AT&T TV Now.
While most pay-TV companies have been able to offset their video subscriber declines with new internet subscribers, AT&T isn't immune to losses in its broadband business. The company lost 119,000 customers last quarter on top of 34,000 in the second quarter. The losses stem from its legacy DSL service, which now accounts for just 562,000 of AT&T's 14.3 million internet customers.
AT&T expects things to turn around in 2020, though. Here are a few important factors for investors to keep in mind.
Source Fool.com
