19 Burst results for "Ceo Randall Stephenson"
"ceo randall stephenson" Discussed on NewsRadio 1080 KRLD
"Of first of its kind of van we are doing a virtual town hall to take your questions on corona virus and how it's affecting the North Texas economy that will feature KRLD is David Rankin and KRLD business analyst David Johnson we asked David Johnson about the questions he's getting most these days what are the big question is when does it get back to normal and and and nobody knows the answer to that except the answer probably is later than sooner and that's you know that's that's a disturbing that we had some inflation numbers out today everybody knows you hate inflation you know and stuff just keeps going up and up and up and up in price by the end of the call to me you need a little inflation because otherwise you know when you buy there's no incentive to go ahead by if you think that that house that you've been dying is just gonna drop in price well you kind of sit back and wait and put off doing a divine so we need some inflation when does that come back and win is a saying stop rippling through the economy we we really haven't seen the impact yet in in business but we're going to and we're going to very shortly there's a great line Chris you probably know it Warren Buffett I think it gets credited with it he said you never know who's swimming naked till the tide goes out that is business analyst David Johnson again he'll be taking your questions tonight along with David Rankin the KRLD virtual town hall it starts at seven on the ten eighty KRLD Facebook page and you can send your questions now by email send those to questions at KRLD dot com the U. S. Supreme Court finishes hearing arguments in two cases involving president trump's bid to keep his tax bank and other financial records private the justices discussion was lengthy it was unclear whether they would uphold lower court decisions that found subpoenas the president's accountant and banks by Manhattan prosecutors and Congress should be enforced by the way the last day of scheduled phone arguments for the High Court is tomorrow it's safe to say outgoing A. T. and T. CEO Randall Stephenson is set.
"ceo randall stephenson" Discussed on KOMO
"ABC's Steve osunsami colors time eleven forty nine now your political insights from ABC news the house passed and the president is signing another payroll protection plan get refills the body that ran out just weeks ago house Republican Debbie Lesko saying several million Americans could've already been getting payroll protection loans if it weren't for the other parties demands Democrats have been delaying it and why Democrat Gerald Connolly says let's go another Republicans knew their plan favored bigger businesses thank god the Democrats insisted that this bill helps the small businesses members of Congress saying they'll likely be back to vote for billions more homeland security science and technology director bill Brian explaining he test results suggesting covert nineteen dies in sustained sunlight but Brian says that doesn't mean the dangers over come July it would be irresponsible for us to say that we feel that the summer is just going to totally kill the virus and then if it's a free for all president trump saying he's more optimistic that this may reduce infections hi Mandy field ABC news caller's time eleven fifty and her publisher it's business updates on a look at your money now with Jennifer Christian guy in the global scramble for a covert nineteen vaccine a select number of human trials are now underway but scientists from Oxford who appear most confident they're onto a cure the Oxford team says it has an eighty percent chance of success and could be available for wide use by the public as soon as September although there are one hundred twenty projects around the world working toward a vaccine only five have been approved for clinical trials on humans J. C. Penney they is in advanced talks for bankruptcy funding with a group of lenders assigned the troubled retailers about to succumb to the economic collapse caused by the pandemic AT&T says CEO Randall Stephenson would be retiring from the top position at the end of June well president and chief operating officer John Stanky will take over his role that's your money now we've got a good day go on Wall Street with seventy minutes ago to the closing bell the Dow is now up to hundred ten and a half points to twenty three seven twenty five the nasdaq going gang busters up one point three percent a little hundred eleven and three quarter point gain to eighty six oh six and the S. and P. five hundred up one point one percent thirty two and a half points to twenty eight thirty that's a propellant urine's business update this is John Blomquist division president of tricor title and escrow as we all look for the best way to navigate the new norm during this global health crisis I'd like to share a few things to take course doing to protect our employees our clients and our community ninety percent of our employees are working remotely the remaining in office work forces practicing established social distancing guidelines our offices are routinely sanitized recommended guidelines.
Randall Stephenson to Retire as CEO of Dallas-Based AT&T, Serve as Executive Chairman of the Board until January 2021
"Is more big corporate news coming down this morning Dallas based AT&T announcing that CEO Randall Stephenson will be retiring from that job at the end of June the company says president and chief operating officer John Stanky is going to take over as A. T. and T. C. E. O. A. T. and T. also adding that Randall Stephenson will stay on as executive chairman of the company until January twenty twenty one
"ceo randall stephenson" Discussed on Squawk Pod
"Difficult question. which is you're just talking about Big Bang and friends being brought to the HBO Max a program or to the offering when we had this conversation two thousand sixteen about the deal between? At and T.. And Time Warner and some of the antitrust implications and you went in front of the Senate hearing on this very issue about about whether you would ultimately hold back programming. You said it would be economically irrational in yet In this last quarter disclosed that the decision to hold back friends in the whole decision Susan to hold back Big Bang actually cost the company one point two billion dollars. So how do you explain that. Both to shareholders. But also to policymakers in Washington. Well the policymakers the question that we were addressing that I addressed in front of the Senate had nothing to do with specific shows it had to do with channels and would you for example hold back. Hbo Just for your platforms. Would you hold back. TNT just for your direct TV platforms. That's what I was referencing when I said it'd be foolish to do something like that. Because at the end of the day distribution is what matters now taking specific programs and say we're going to use specific took programs for our platforms. Absolutely should expect us to do that. Not all of it Warner Brothers has an amazing portfolio of content. They have have a production machine that is unbelievable. They're going to continue to sell content to other distributors. We will continue to sell content to everybody okay from net flicks to other streaming products. But there's going to be some content that we will we will be very important to our own platforms but again not channels. We won't be withholding TNT from comcast or or or charter. Anything like that. Can I ask you about comments from. US Attorney General General. Bill Barr yesterday. He said that there may be a point. Where the American government or American companies allies of American companies Our allies of the United States those private companies. There should be taking a stake in Nokia or Ericsson that would make sense to try and build up something to compete against. Wal Way what do you. What do you think of that? Suggestion government's taking positions in private companies to develop private solutions. I just don't think it's a good idea. I don't think the track record of that very good. I think the the development is going rather well. I do think some things will come out of the White House recently about. Are there other solutions and that the industry should be looking at to ensure that we're not tied to single providers software solutions and as you probably know. At and T.. Has Been The leader in developing software defined architecture and the point of that being simplistic terms is rather than having a vendor. Who brings you boxes that has software integrated into it? So there's your five G. Solution extract the software layer out. And then you can use anybody's boxes. We have people that are providing hardware hardware into our network today that would have been considered unconventional five years ago. Because we have done this. We've extracted the software layer out. And then you can use anybody's boxes to the extent we do that. We innovate our way out of this competitive quagmire where everybody's talking about wall way US innovation use software to to win rather oh than just government mandates to win the net neutrality. We're still talking about it. Won't go away right. Maybe it finally will give the sleep at for me. I always thought if you were somebody builds out this multi gazillion dollar network. And you need to recoup your capital expensive. You don't need like price controls on what you're allowed to charge. It never made sense to me but the world was supposed to end in Silicon Valley with Netra and it and it didn't yet get where they hope that this was in a succeed. Is it going to end now. Now that it it's not I mean we can put it to bed now. Can't your points really good because when the FCC ruled ruled that they were pulling down those. Tom Wheeler rules on net neutrality. hyperventilation people people really loud and boisterous. And now what is it a couple of years later and the Circuit Court who said we support the FCC's decision they wouldn't overturn it and nothing's really happened in that two years ears. None of this stuff people thought was going to happen. What happened in fact what people have seen are the only places where you're seeing blocking blocking of content and so forth are in the big tech providers right so now the focus has moved to big tech guys in terms of what their practices are? And it's not the Internet players but there's there's a really important point it here that I think people need to just reflect on. President Obama is the president and the policies move one way at the FCC. DONALD TRUMP UP president trump becomes president the policies move the other way and this is all a function of having bad legislation in Congress needs to do their job. People need to step up up and legislate rules rather than leaving it to bureaucrats because when bureaucrats were writing the rules depending on. Who's president you having these crazy swings? And so I just really think Congress needs to step up up right rules that aren't left to interpretation of bureaucrats and let's get this thing on stable ground and it's not going to hear this seems like like a long shot we don't know I'm sure somebody will test but it seems like a long shot at the Supreme Court would hear this. But you're not saying it's dead and buried yet no but it's highly improbable probable that this guy to me. It's dead and buried in terms of what the FCC has just ruled now if there's an election at twenty twentieth somebody else's president it we could be right back on a law school now giving you what you do now. Last chocolate last five years on core cases into law all school the last five years. What are you talking about? You haven't lost any animosity along we've actually had a good record over the last four or five years. We go back to the way for a minute it. Is it a security threat. Is it a competitive threat. What do you think of somebody who understands the entrance of all this anything that involves communication? You have security charity threat. I I personally don't think the security threat is the big threat to the United States so big threat to the United States is while way is doing the an amazing job of gaining market share around the world on five G. and if the United States is the only country that is not using alway our network work then we have a situation where the supply chain we're dependent upon becomes subscale. And so this is why we think we have to innovate our way out of this. This this can be a security issue if you think about what's going to happen with five G.. In the end it's hard for people to get their head around this but everything from autonomous cars ars to healthcare system to utilities pipelines are going to be managed on the back of these five G.. Networks I think our government is rational in asking. Who Do we think ought to be underlying the technology here Chinese companies? Should we question and understand exactly who these companies are in what the threats are was going to be used used for this kind of infrastructure. How far behind are we? How long do you think it would be before we can catch up if you were talking about? The White House is doing with you. Microsoft and a lot of other companies they brought the United States is a behind right. Now keep reading. How the United States is behind right now reading? We need to do something from the White House directing it it gets to this point I was talking thing about if the rest of the world is dependent upon alway and while way has scale we've not had a situation like this where a country has one point four billion people in a company supplying the technology that they can have global scale just on their own country one point four billion people if y gets ninety percent share in China they have thirty thirty percent share globally now if they get share in Europe they get shared. So we're sitting here in a situation. Where the United States is a competitive disadvantage? And so this is why we have to find solutions to ensure that we're not at a very competitive at disadvantageous position around the globe. Okay just we're just talking about. I can't help I it's John's role now but You sit around talking about whether we're going to be a third season of big little lies. I you mean is that your life now is that part of and is there going to be a third season of big little white living. You heard the question last night ass right. I got a non answer last night. I don't know about you. That's what I always tell John what to do. Still my wife's favorite show. You think John would probably step you think stinky was step. Let's deal with the second. I'm glad I died first season. That Guy Really. He was a bad guy. Wasn't he was really bad at actor. That's great show. We're all sitting here talking. About how bad guy that guy was right and it's all happening around here. I was GONNA ask Reese drive right up to live right near the bridge right. uh-huh down maybe not in real life. I don't know I think we have Hans on. Hans has got a boring life. He's a great companies Owners like phone calls from your best but I think it's cooler to you know. Have Reese Witherspoon the business proposition as cooler. That'll it'll do cool very well but I love it. I wasn't going to say thank you for being with us. Good guys out here yeah. That's the chauffeur today. Thanks for listening next week. More on Elliott management stake in Softbank and Navy's them Oscar recaps squad Fox's Fox's hosted by Joe Kernan Becky Quick Ag Ross Sorkin Weekday Mornings on CNBC at six am eastern. Forget us a threat to our podcast squawk pot you you heard joe to get the smartest aches and analysis from RTD. Show right into your ears. Subscribe to squad wherever you get your podcast. Apparently there's no video though I is it just audience just okay but check it out. We'll meet back here on Monday. Have a great weekend clear thanks guy at IBM problems inspire us to to push the world forward. That's why so many people work with us on everything from city traffic to ocean plastic smart loves problems. Ibm Let's put smart to work visit. I._B._M. dot com slash smart to learn more..
"ceo randall stephenson" Discussed on Squawk Pod
"Much more after this. Welcome back to swap pod while Andrew was a new New York chatting with the CEO of Uber. Becky and Joe were and still are in California at the AT&T Pebble Beach pro-am an annual invitational golf tournament. That squawk has been attending and Joe has been playing for years. Joe and Becky aren't the only slabs that team leaders coghill Murray and Clint Eastwood Star studded as it is here on Squawk we're focused on the business leaders who play celebrities. CEO's boat breaking within our circle are CEO's one of those CEOS et's Randal Stevenson the events host he. He hasn't held any interviews since last year when we spoke to him at this same venue this year we started with a surprisingly strong economic metric. That came out just moments before they had this conversation station. It's the first jobs report of twenty. Twenty January added two hundred twenty five thousand jobs well above Wall Street's estimates. Here's Joe Kernan taking off the conversation with Randal Stevenson. We haven't seen you in a while. Let's talk that was the three month. Average is like supposedly impossible to have done. It's like back to ten or fifteen or something. In that year ago I was told by Zandi and other people supposedly Cellino something that that's impossible feels good. I mean it really does feel good. We went through a period. We were seeing it. We were experiencing where investment from our big customers. The ones that are playing being ear it started to taper down. We attributed that to the China in Mexico trade situations but I'm hopeful with that kind of behind us in the rear view mirror. Investment picks back up the job number is very encouraging. We're actually very bullish on twenty twenty years of economic outlook start just in from the slowdown from your investment in the at and T.. You hit you. Transform the company into a huge media player Aaron and some people say oh. You should've stayed you know the waiver rise in does it and just focus on On your PS and QS. And you're taking on too much debt and I mean a year has gone by can. Can you update us on the progress in terms of paying down the debt and the results that you're getting the stocks done well as well we. We came into the year two thousand nineteen last year and we told everybody right number one priority was get the debt pay down and so we took on forty billion dollars debt to do this deal and we exited last year having paid off thirty billion dollars the debt. We said we one day at the year two and a half times EBA that was arthritis. Shall we say it was a healthy place to be so check that box two and a half times dead Eba we sit. We really wouldn't start aggressively buying back. The shares we issued to do Time Warner until twenty twenty but the cash flow is so strong. Last year we told the market to expect twenty six billion cash flow. We did twenty nine. We bought back fifty six million shares last year. So we're well on our way to retiring a lot of the shares were issued issue to do Time Warner will buy back about one hundred million shares in the first quarter. That's well on the way that that process is going. You'll see us. Continue to buy back stock aggressively the cash slows. The business are really strong. The businesses the wireless business particularly is executing really. Well had a really good quarter on wireless and the media business. I mean the media business is really doing well John Stinky and his team or standing up a new streaming product. And I think it's going to be one of the most exciting streaming products in the market. Tapio Max and it gets launched in May and the outlook for that is really really well. So we're feeling good about most importantly you have all six friends and Six I read that too. We didn't announce that there was There was some news yesterday that there may be episode created but that that was not our announcement. Yeah we do. We did pull in his. You know all of the the rights for friends so we own all of the rights for friends and Big Bang theory. We pulled those in the fourth quarter is so those will be obviously stalwarts on our streaming platform in. May He liked the wacky media. Business from Oklahoma. You're I know you have known you for years. Yeah it's not a natural. I don't know if I'm GonNa see you out there at those parties at Ariz House is going to be something. I don't know Joe you've not invited me. Are you even if you did your your persona where you go in some of those new sunglasses you saw me wearing where you go inland. I don't see that ED happening. That's why we have John State. So Elliott I when I saw that I am not following it as closely. This is your and what what has happened but for me it was like when they got bored messing around with. At and T.. And they've they've moved on what HAP. How did that whole thing with this off? Thanked thanked him. How did that? How was the relationship with the confrontational? Did did you lose. Any sleep over. What was happening was awesome? It was it was a period when they sent the letter. If you read that letter you and this is what I told the guys at Elliot is. I think you've identified a good investment. We happen to agree with the areas that they thought the opportunities for. At and T.. Word capital allocation margin expansion and and and Some some things on the portfolio and we were way down the path of executing a lot of this but they had some other good ideas so we spent a lot of time together talking about some of these ideas and actually became thought of a mutual mind and a plan that we put in place a plan that our board had largely agreed to. They really gave me some good insights on some communication. I've probably candidly wouldn't have communicated in the detail of our capital allocation plan that we communicated but their points always were valid. That it's time to put some some detail out there. In terms of water capital allocation plan was share buybacks particularly and so bottom line. I think they have identified it. A good investment and they were right last year. The total shareholder return. We were up forty five percent current it staying at John You. Are you going to stay the way. It is nothing that they're not pushing for anything that change at this commitment last year that I would stay at least through twenty twenty so I I will stay at CEO through twenty twenty two but possibly even longer. I didn't give any indication beyond that the board and I have to have that conversation. Obviously you already said John on is doing a great job in your view at there are few people that have the breadth of the business creators. Joey over the entire landscape escape just totally guy. Good though I mean that helps to be you guys saw on a box. He had an event we had an event last night. Where he was interviewing Reese Witherspoon and Andrew Wilson and Jeff Zucker talking about whereas media going and you saw a guy who has a breadth and understanding of the media world he has there's a breadth and understanding of the communications industry? So he's doing a terrific job. How many subscribers do you think you need for? Hbo Plus US in order for it to be okay. This is success. This is what we're shooting for. Disney just came out and said I think they have twenty six and a half scrubbers for Disney plus so. HBO Maxa the correct. You becky thank you but we still think of it this way we have. HBO's in the marketplace at about fifteen dollars right now and we have about thirty million subscribers drivers on HBO Right Now and those thirty ten million are on. At and T. owned platforms and those will convert immediately HBO Max Subscribers. This Day. One the number we have put out his We're we feel pretty good that by two thousand twenty five our number should be about fifty million. US subscribers drivers to HBO. Max and if we hit those kind of numbers which we thinks eminently achievable. It's a real revenue lift and profit lift for the business and it's putting all this content content that we now own the content production machine that we have over at Warner Brothers just putting that content to work on our own platforms and bilberry optimistic. Fifty fifty million as well within Range Andrews GonNa ask a question. You okay if I if I guess of course of course Andrew a somewhat somewhat.
"ceo randall stephenson" Discussed on Squawk Pod
"And if you look could arise business for example in two thousand nineteen for every dollar of revenue growth that that rides business achieved they dropped about eighty cents to the bottom line so this is a business that as it grows can become quite profitable and for twenty Twani. We got together as a team and said you know what we can do the same thing. Not just for the right business for the whole business. So if you look at our plan for twenty twenty for every dollar of revenue growth especially from forty four. We expect to drop fifty cents to fifty five cents sense to the bottom line within. That's absolutely doable to get to profitability by Q.. Four but at the same time make the kinds of investments that we WANNA make to keep a high growth three for many years ago. I wanted to talk about those other investments in a second. 'cause that's going to be an issue or at least a question mark In terms of how you get there but in terms of the rideshare business itself you talked about pricing rising and increasing pricing and one of the questions I think that investors have is about your ability to grow what the total addressable market looks like. especially if you increase prices meaning meeting doesn't the market itself shrink in terms of what's available in the future. Yes so I think there are different ways of increasing pricing there certainly some pricing power that we have in the mainline service because it's a service that people use every day and frankly it's a service that's very well priced then and it's a great service so we do see some pricing power there as well but they're different ways of increasing pricing so for example going after the premium segment. Are you for business. Now is a run rate of are over one point. Two billion dollars growing over fifty percent year on year. And we're getting into Uber for Health Groin over three hundred percent so that's a way of increasing the average price of the service really going after more premium customer. You Know No. I'm cheap so when I got in a uber. Is the price going to go up on me. Is that what's happening here. The price on average in New York is going up because of some of the. TLC moves that they've made not necessarily because of our pricing so near city prices are up. It's not something that we necessarily like but it is something that feels like the battle between you and lift at least in New York right now. I'm not getting the promotional pricing anymore. Well I think that for me maybe good for you. You know hopefully good for all of us. I do think that the era of only pricing to win business is over and I think it's leading to the era of actually having a great service innovating dating for example for us on safety making sure that every single time you take Uber. You've got your safety Area you can text nine one one. If anything happens you can have someone contract your ride. We think you should price based on service now price just discount. We talked for a very long time. It felt like a year ago. One of the big strategic rejec efforts was around the pool service. Get everybody in the vehicle. That's where the money would be. It doesn't feel like that is working at the moment so the pool service is absolutely working in terms of getting more than a person in a vehicle allows you to essentially discount arrived based on the greater efficiency. You have two or three people sharing a ride. We were over discounting. It was an easy way for growth and our CFO Nelson Chai taught about. Hey we're not going to grow with empty calories so with the Pool Service now were pricing pool it closer to its natural price point and actually we're now innovating waiting for example one new feature that we're shipping is it's called Uber for lasts essentially last in first out. If you want to get an uber racks and cheap will offer you the opportunity to get in last I get out. I you get a discount on that ride. And essentially then you're riding with the pool writer and so it's a win win. The pool rider was gonNA pull anyway. We get consensually. There's no car so traffic is lower wherever you're going and you get a discount that's win. Let's talk about ubereats. Because that's the other major growth piece but also money-losing piece lost four hundred sixty one million dollars for the quarter. That's a revenue of seven hundred thirty four million dollars. This is such a competitive space. There's talk about consolidation. What do you need to do to get it to profitability that component of it? Well we need to grow and we need to consolidate so the business now. Is that the thirteen billion dollar bookings growth rates. It grew seventy percent year on year in terms of Bookings grover hundred fifty percent in terms of ram revenue for a scale player. We're by far the fastest growing. That's a good thing at the same time where we've committed to to get to number one or number two in every market that we compete in in twelve to eighteen months and you see that happening so for example in India where we had two very strong competitors we decided to sell our business to one of them and partner up with the motto D'Amato on our India rods. Business are going to work well together so there are going to be some circumstances where we sell. They're going to be some circumstances that we by the business is very healthy and growing in quite optimistic about it. There are some investors that are worried that you may have to overpay to pick off some of your competitors how are are you thinking about the consolidation aspect of all this. I've been in business for a long time and no one is accused me of overpay. You know we're GONNA do. Smart are deals cheap like me. I'll listen if it's a great company will pay up but the work we. We are clan as always organic great so as long as organic growth is planning a plan. B which is acquisitions is always going to be is always going to be opportunists. Thank you weren't going to be quite disciplined. Tell me how you think about Jordache. There's been talk about you. Know what happens to post mates which was thinking about going public. I was trying to sell itself frankly to companies like yours. Just just walk us. Take US inside the room in terms. Have you thought about this. We think about all those Circumstances but up to date we've made. Hey that determination that the best way going forward is to do so standalone We bought a company or were scientific. Corner Shop was which essentially takes corner or grocery stores and and we'll put them on our platform so we will by what we see something new when we see a team. That's particularly talented. But we're GONNA be pretty choice for when we do. Do you anticipate getting out of other big markets. I mean we talked about India just now should we be surprised over the next twelve months. If there's an announcement or two about a big market where you say you know what no more. We're going to be pretty disciplined and how many of them are like that. That are on the fence right now. We we are number one or number two. In over fifty percent of our countries it represents the significant majority of our bookings but that does mean that there are some countries is that are on the bubble and we have to see a clear path to one or number number one number two and profitability. Right or we're going to look to consolidate his manolis on the last hour. Who talked about the prospect? It's really option value on potentially creating a super APP Allah. What you see folks? I grabbed doing Southeast Asia. This idea that in markets where people are touching your APP every single day that you can layer on all sorts of other services. Anything about that right now. We think it's a huge opportunity. So the average Uber user uses US five point seven times a month when The number of users that use more than one service has is increased by over fifty percent year on year and they use US almost sixteen times a month so the frequency increases by three times. We're absolutely exploring during the Super App concept to become on a lot of times we'll invite you to order food etcetera. We've got scooters on that. We've got transit on the APP so we're trying to make the APP essentially actually your everyday use. Is that GONNA be global thing or is that in certain markets where you think there's an opportunity because right here in the United States you'd think if someone was going to create a super APP you you would've thought facebook would have done a long time ago. Every market is different and We WanNa make sure that we reflect the needs of that market so I do think that the super concept step is going to be market to market in the Middle East. Kareem was part of our family is going very hard against super APP. So sometimes we'll have one of our subsidiaries actually go faster so that we can learn from them and in the Middle East you can see the super out concept. Move very quickly. Okay while I have you here to talk to you about the impact of the corona virus given given your global scale. What you're seeing also? I noticed that you had shut down some Drivers on the service in Mexico as a related religious wage lucrative is. What are you seeing as a result ball so first of all anything that we do is based on the advice of health authorities Local health authorities. We don't try to Dorm Research Service speak. We you want to be very diligent. We're not seeing a significant effect on the business. Overall where we see in effect is North Asia for example Business Hong Kong Airport businesses down pretty significantly from an overall standpoint with our portfolio. It's not material in any way and you hear what happened happened in Mexico. Can you speak to that. Do you know about this. Yeah a couple of drivers were suspected to have had the virus out of an abundance of caution. We looked out there who rode with him and took him off the system to make sure that they're okay Now we think that things are not returned to normal but again we we the data that we have allows allows us to create a great service and this is an advantage. It's not how you want to use the service but it is a potential. Tell you about the data. You have a privacy question for you. there was some news recently that there was a passenger who is a CEO of a company Zona who was filmed inside aside a car with racial epithet. I don't know if you saw this new and they were fired from their job in large part because it was captured on camera by an Uber driver. What kind of privacy expectations do you think driver should have? Not Rather passengers should have today when they get in the back. Jack of an Uber. Well the laws the privacy laws in every state or difference right. I don't know specifically the laws in Arizona and there are some of our drivers who who have their own security cameras for safety reasons and it's totally understand what those in all the cars by the way The ends up to the driver whether they want them in. All the cars we are working on. were testing systems. Where you can record a ride for example in Brazil during those circumstances we wanna make sure sure that both a writer and the driver? Exactly what's going on. We WanNa make sure that the data doesn't rest with either player rests in the cloud someplace and it's only access when needed so. I think these privacy issues or complex I think disclosure is incredibly important to the extent that it move safety forward forward. It's something that we're GonNa be researching into 'em is always a travis question. I know you're almost almost done with the questions. Now that he's out of the stock one is. I don't know if you noticed. He effectively left a billion dollars on the table. I think he did pretty well and I think he deserved to do. Pretty well based on being a founder of the company and the other person who's GonNa ask is you know he's building a new business. That effectively is about making food for delivery. You ever anticipate being back in business with them. We do business with restaurants. The more restaurants there are higher quality restaurants in the better for us so we are doing business with his cloud. Kitchens right now And based on what I hear ear that business is going to grow Derek. Thank you very good to see you next on Squawk pod. At and T. Chairman and CEO. Randal don't Stevenson in his first interview in a year and we had asked. Will there be a friends reunion. I read that too. We didn't announce that we own all the rights for friends friends and Big Bang theory so those will be obviously stalwarts on our streaming platform and made an extended interview on that and so.
"ceo randall stephenson" Discussed on Squawk Pod
"At IBM problems inspire us to push the world forward. That's why so many people work.
Uber CEO Khosrowshahi vows to deliver a profit
"Today Andrews interview with Uber Ceo. Dr COSMO shocking. Investors have been watching Uber closely for signs of profitability when Uber went public on the New York Stock Exchange in May of Twenty nineteen. Andrew asked Dara about it and Dara. Well here's what he said so for us. The Path to profitability isn't theoretical there are cohort of countries that are profitable. We do reinvest profits aggressively recipe. New Business Lines like eats that have great promise but we're pretty comfortable when we look at the portfolio of businesses. That we have that we have a very strong Pathak off a a few months later in an interview with CNBC November Dr Projected profitability by twenty. Twenty one we are actually targeting twenty twenty one for adjusted even profitability full year and this week around eight months after the company's First Trading Day Uber reported its fourth quarter financial results. And and as you'll hear there was also some good news for investors about that profitability goal. Here's Andrew Uber reported quarterly results. Last night the ridesharing giant announcing announcing on its call with investors. It is moving up. Its target for profitability by a year. Join US right now. For an exclusive interview is Uber CEO. Derek Ezra Shack Good morning to you. Good morning thank thank you for for coming in. Let's walk through if you could for investors so they understand how you think you get there and when I say get there. I'm talking about profitability. Well as we made through our way in two thousand nine hundred and we became more and more confident of the strength of business and the ability of our teams to execute.
"ceo randall stephenson" Discussed on Recode Media with Peter Kafka
"That's got ESPN a bunch of other stuff versus a Warner media streaming service, which would you prefer I by which would I prefer you by AT and T what where you want me to spend my money. If I have to choose between one of the two, look, I just from my standpoint, I better have a product that fits your needs than I want you to buy a product that fits your needs. Because you're going to stay with us longer. You're going to spend more money with this. You're gonna have a long relationship with me. If you're asking the question, where do we make more money in the short run, we make more money on the old legacy stuff? You always do in a business like ours. The highest margin product we have today is what would you guess landline telephone landline? Telephone now, I'm not out pushing you to buy landline. Telephone all right. But that is our highest margin product that is a product is in decline, and it will one day. We'll finally be allowed by the regulators to turn the switch and and remove this service. But but that's not where we tell our customers. We want them to go. We're constantly pushing them to the new platforms and the new services. This will be the same. Okay. I'm I'm gonna Chuck that up as either I just once you once you doing what is in your interests, not once in my interest awesome. We're out of time. Thank you. Appreciate it. Thanks again to Randal Stevenson for chatting with me. I like talking to Reynolds Stevenson, thanks to the NBA all star tech summit for recording. The interview in letting us share the audio with you. Thanks to you. You guys. Listen, you're great. We love you. We would love it. If you told someone else about this show. And if you're feeling extra generous, you can leave us review an apple podcasts or wherever you listen to find podcast like this one actually just this one. Thanks again. Thanks to our sponsors, so many. Thanks. Thanks
"ceo randall stephenson" Discussed on Recode Media with Peter Kafka
"But these are the business model questions we're going through it one thing. I'm impressed by with the folks in Warner media, very sophisticated people in terms of how they think about licensing what you hope for exclusively basis and so forth. And so is going to be an interesting equation to kind of walk. Are you guys all sync up on that? Because when that when that Netflix story when the story came out there was some question about, well, maybe the the guys on in Burbank think this, but the guys in New York HBO think that are you guys are they all sinked, or is this a discussion that you're still having with people who are running your various media units. If you're asking does everybody within AT and T always agree with everybody at all times the answer is unequivocally. No. And do we have good healthy debate around issues of this in the by the way, this is a significant issue is a big time issue as a business model issue that you what you do has lasting implications. So good healthy debate and dialogue darn right? We do prior to you guys buying the company. There was this narratives that you know, what you got the telco guys from Dallas, and they're going to buy this media company with with these these delicate flowers in New York in Los Angeles. And there's going to be a culture got rid of my White Sox as you go and. How have you thought about that integration? How to give people their space. But also say look we are going to go in a different direction. We we're going to ask new things of you, your your Lieutenant Johnston key compared this to childbirth, and then regretted saying that, but what he meant was this is going to be difficult. How is that process going here about a year into it? I guess a little less than a year. I think it's going as well as we could have expected. My my objective from day one was to run this acquisition different than we've run any other acquisition in a in a typical acquisition. We come in. We have processes we have everything from travel and entertainment expenditure guidelines to cultural aspects, we literally just forklift that onto the target and boobs starting a new reality off, we go bam. Right. We get we get cities within a year. Just things all gets. We're really good at that. This when we said, it's not the play. We're going to run to hear this play. This thing is going to be held independent. It's going to be run very independently. There are some connective tissue that we have to get in place to to create the value by being part of the same family. We're going to be very careful in terms of how we get to that. That that we will have to run this thing independently for a number of reasons, first of all it's very different kind of business it inherently and necessarily has very different culture. And by the way, I want to protect that culture. But I also need to protect this telco guy culture, you talked about over here a minute ago. We're really good at logistics and driving results in an execution. You don't want this when polluted also by a lot of the stuff going over here. Those were very independent and necessary cultures. This one over here is a talent based culture and every single night every asset drives home. And so protecting the talent protecting directors and protecting producers and making sure that you maintain an environment where they want to do business with you is critical. And so I think so far mission accomplished now, can we get the connective tissue pool? Together. I'll let you know come fourth quarter. We launched his video on demand service. Good. You guys are distributors of conventional TV bundles. Through direct TV direct TV. Now, you're gonna have a service that you're going to charge me some amount of money through that's going to have HBO and a bunch of other stuff. Americans have limited amount of money. If I have to decide between buying a sort of traditional bundle..
"ceo randall stephenson" Discussed on Recode Media with Peter Kafka
"I think it's a dollar ninety nine out of sure exactly what the pricing. I think. That's right. But think about that that is the ultimate serving the interests of the fan, and that's just a great business model. I think we're looking at this for European football and so forth as well. But that that is all a cart at the extreme. Right. That's a hard decision to make. And you got to be thinking about the fan. I go down those paths. How long do you think that the leagues themselves become direct distributors of their sports and cut you guys out or work together with you? But also offer an option where you can buy a package or a game directly through the leagues. They do it today. Right. I mean, you're you're seeing this happened today. Several leagues are going directly to the consumer. And I it's not just sports. I mean, look if you're in the the media business if you have premium content. You better be trying to figure out how you go directly to the consumer. That's where the business model is going. That's this is why Time Warner acquisition was so important to us because this idea that if you own premium content, and you think you're just going to generate returns by going wholesale do cable companies satellite countries, so forth. That's not going to do it in the in today's day and age you're going to have to figure out how to get directly to the consumer. That's why Warner media now what we call Time Warner. We're standing up a direct to consumer platform that is called an S spot video on demand service to go directly to the consumer. You're going to have to talk about that world. So you guys said we're coming out with this late this year. But I think actually it's really gonna launch next year the full service going up against apple Amazon. Netflix little company Netflix. Yeah. Disney FOX, they're either all in the market there are spending billions and billions and billions of dollars on content. And how much capacity do you have to sort of compete with them dollar for dollar? You've already taken on a ton of debt just to do. This Warner media deal how much flexibility you have to sort of keep up with them for if they're going after a deal that you want at the same time the debt situation. We'll have the lion share that debt paid off by interview this year. So I know sitting here thinking the debt somehow is a inhibitor to what we need to do Warner media think about Warner Brothers studios. I don't think people appreciate just how deep in broad their IP, libraries, intellectual property library. I mean, just try to conceive of what sits within Warner Brothers. In fact, I think the best example of this that people don't think about is net. Flicks licenses a lot of Warner Brothers content as so last year the contract for friends the rerun friends right came up for renewal of Warner Brothers. We own that intellectual property, and when it appeared that net flicks might lose friends their customers. There was an outcry. It was that was surprising outcry from their customers net. Flicks wanted to rely since just France, well, friends is just one little piece of content city within Warner Brothers. They have a library of this kind of stuff plus movies. Plus continue regeneration of new stuff now at HBO. There is a library of content here that I. Leave. We'll rival just about anybody. And it's not going to require a ton of new investment, some require some new investment. We've already said we're gonna plow a lot of money additional money in to HBO to beef up that library. And so what is the objective of this? I'm convinced that as you go three four years out. Every household will have at least one two three video on demand. Subscriptions, and Netflix, Hulu, a Disney. Do we think our library and our services so compelling that we will be one of those in virtually every household. We actually do we're convinced that we will be one of those those video on demand. Subscriptions that will be in the household. I also believe that tach d- to video on demand. If you have the opportunity and the potential to offer live TV as well. Can you.
"ceo randall stephenson" Discussed on Recode Media with Peter Kafka
"Deployed where you put up big cell site. Antennas there on top of the buildings. You see them everywhere you go, right? And and they're just really large ones with big antennas that are probably as tall as you. And I this is going to be rather than tens of thousands. Big of big antennas is going to be hundreds of thousands of small antennas. They're going to be on light posts. They're going to be on the sides of buildings. They're going to go look more more like a a WI fi router than a wireless antenna were accustomed to seeing and so literally for AT and T to deploy. This is going to be a couple of hundred thousand of these antennas deployed you will naturally go to metropolitan areas. I I get a press release. From you guys every couple of weeks saying coming in Minneapolis namer city. How far before this stuff is actually ubiquitous and I have a good chance of getting it in any major metropolitan area. Ubiquity will be I mean, true ubiquity. I mean across let's call it. The major NBA NFL cities. You're probably going to be a couple two three years. Two to three years before you have ubiquity in those cities. Now, you're going to have pockets of this that begin to emerge. And so this is where you ask what are the real use cases early on the real use cases early on or not going to be what you saw Adams video that will be three years from now truly technology, you're capable of deploying early on is going to be business applications, and so we're standing up the world's first five G hospital, and it becomes for a corporate environment. Think about getting rid of all WI fi services, wifi routers, short wifi routers, because in a world of five g you no longer need that you'll see in Dallas the first five G sports venue. It will happen to be named AT and T stadium. But if our an MBA owner, this would be something I'd be very interested in because you can deploy five G in your arena. Joe made ask him. What's that going to be asked? Mark if he's interested in this already have, okay? But you can deploy five G in an arena now begin to think about the services you saw here. Once you put it you don't have to deploy a whole city to deploy an arena, we will be deploying AT and T this year..
"ceo randall stephenson" Discussed on Recode Media with Peter Kafka
"This is Recode media Peter Kosta that is me. I'm part of the vox media podcast network. I'm not speaking today from vox media headquarters in New York City. Instead, I'm dialing it in from Minnesota where it was negative for this morning. Don't worry. I'm more today. I'm gonna play an interview I just did with Randal Stevenson, as you know, he's the CEO of AT and T as you know, he'd now owns the company formerly known as Time Warner. We talked about how that merger is going future of five G eighteen views on sports betting and a bunch of other stuff. It's a good fun fast. Interview. We taped it last week at the NBA all star tech summit in Charlotte, North Carolina, and you can listen to it right now for free. Enjoy. Randall nice to see you gotta say it was very exciting to get introduced by Mavra. Let's go back in time until my eight year old Vikings fan self that was going to happen. One day in the future. When we start there. We just saw cool five G demo and every time you or anyone else from the telco business comes on a stage. Like, this you talk about the importance of five G as far as I can tell five G means faster data. What does that mean for consumer because our phones and our internet connections are pretty fast right now. What's going to be better for us when five G shows up? It's just more than fast. I mean it fast as a key element to it. I tell people like connecting a fiber optic cable to your phone, but that it goes beyond that, the technology of five G puts you in a world of no latency, and what that means is just instantaneous, and it's a real time network and. Think about the applications that require instantaneous connectivity. And the first one we all go to autonomous cars. Right. You do not want to be in a car that's relying on network connectivity. If there's any latency, you don't wanna buffering when you're trying to figure out if you're going to pass that truck or not exactly or something child comes out in front of a car. You don't want buffering if a child runs out in front of a car, and so this no latency zero latency thing is really really big deal. It's the game changer, and as you saw in Adams video some of that look terribly futuristic, but it's really not because when you get to a world of high-speed, no latency, then all of the stuff that's in that smartphone that you're holding right there. The storage no longer needs to be their their stores can be back in the network, the compute capacity no longer needs to be there could be back in the network. A why is that important when you start taking all of that and the power requirements out of that? Now, you get to a place where you don't need this big form factor, and you can actually begin to conceive of a world without screens. And that's what happens you you. You lose the screen, and because suddenly you have a form factor that may look more like this. You don't have to have power. You don't have to have compute. You'll have to have storage in here is back in the network. And now you can begin to use really thin form factor capability and moved to a world with no screens. So how does the NBA conceive and think about a world, no screens, you saw some examples of it over their virtual, and augmented reality become I mean, truly possible in this kind of work is this a world where you and varieties in and your remaining competitors only to build out individual five G networks, and as a consumer I need to decide which network I'm going to be in. And or does this require some sort of public infrastructure commitment from the US or someone else to say, look, we're going to need to build we're gonna need to act capacity. That's going to require government intervention or suppose, it's headed down a path where it will be competitive environment. I. Obviously being a capitalist mindset think that's the right way. That's what will drive the fastest deployment of this a competitive race who gets there. First who gets there with the best quality who gets there with the best services on top of.
"ceo randall stephenson" Discussed on Boss Files with Poppy Harlow
"Break. Do you wish your advertising generated more sales? Do you need results? You can measure whether you advertise on radio, TV, Facebook, a podcast, Google or billboards DX media can help. We take the time to understand your business, how you sell and what you need from each and every campaign us our thirty plus years of brand building advertising experience to help you double or triple your results without spending a penny more. Get a team of experts on your side to help you gain an edge over your competition from building a new website to fully produced social media videos or television spots. DX media can help you do it all c. which advertising is making you money and which adds aren't. DX media gives you twenty four seven media tracking software. So you can see results in real time call for a free, no obligation consultation. Eight hundred three, seven five eleven thirty one. That's eight hundred. Three, seven five eleven thirty one. Don't wait call now eight hundred three, seven five. Seven thirty one or visit DX media direct dot com. When results or what matters most. My name is Paul Shirley, and I've gone on a lot of dates. I've noticed something on these dates. I often find myself telling the same stories stories about my mother teaching sex Ed stories about playing college basketball stories about playing in BA basketball and almost dying in the process. We all do this. We tell stories on dates because dates or winning get to explain where we've been in, what we've seen in why we think like we do my name is Paul Shirley, and I hope you'll check out my new narrative podcast stories I tell on dates, you can subscribe for free on apple podcasts or wherever you find your favorite shows. Eighty cats in providence, head coach Ed Cooley on March mantis three, six, five. I'm excited about the group in the nervous in one fence because of our inexperience in the back court. But. Athleticism are length and Dr. Man is sixty five now at apple podcasts and Spotify. You said during your testimony in the trial quote, the better you do on advertising, the less you have to charge the consumer for service, and that sounds really attractive. The question is how do you use all the data from the forty, seven million subscribers? One hundred and sixty three million mobile subscribers, sixty million broadband subscribers. Can you walk us through what your vision and Brian vision is for how that would look? Because it's not just feeding me a different ads on my television. It's using my TV and my phone to get to me in some relevant way loose a big investment and technology of big investment in data mining data capabilities. And so we have been working on the data piece of this for quite some time. So we have to your point, a big distribution business. We have one hundred seventy million customer relationships where people are viewing content, they're using their smartphones or so forth. So we have all of that data that date is being ingested as being for mad at Bryan. His team are working very hard to to get that data ready to be put to work now that we know what people are viewing. We have demographic data now we can get very. Very targeted with with that data and how we deliver advertisements for you folks. The objective is not just to present the same kind of adds to the to just very targeted audiences, but change how advertising is delivered and how it's consumed. So you said it, Brian has this vision. I wish I could take credit for this, but I think he's spot on that is I'm watching content in my living room or I'm watching it on my tablet or wherever I happen to be watching it. What do we know? We know that that individual that is watching that content also has in their pocket or at their side of smartphone. Can you begin to do things that engage the customer in advertising a very brief basis, but then if that's something that the customer wants to engage in direct it to the smartphone, but get back to the programming Keno I'm looking for a new car, correct. What are you gonna do about that? So CNN my demographic and by the way, what I am watching it, my wife and I are both watching CNN. She's in her office and I'm in my office at home. She is not. Right there. But if we would at maturity, we would not be seeing the same ad. I would not be, you know, seeing the kind of ads if she'd wanna see, nor would I heard at pops up. I'm in the market for a car fee and I don't have the same taste of cars, but an ad pops up. If that's something I'm intrigued by that ad could be directed to my smartphone. Now I go directly to an ad. I even go to a dealership in the Dallas area, and the beauty about this is we are really at a place where we can begin to complete a full circle for advertisers. Did the person see the ad on the TV? Did the person engage on the smartphone? Did the person go to the website that was where they were engaging on his smartphone? Did the customer actually end up on the lot of the car dealership at some point if I was in the room watching TV or if I was running after my two year old in the other room. If
"ceo randall stephenson" Discussed on Boss Files with Poppy Harlow
"Decision making. The more information you have, the more you can risk manage your investment profiles and so forth. I don't see why media and entertainment or any different that Randall in not stifle creativity because you've also been quoted as saying the last two weeks. You have to guard the culture with your life. You know their decisions that I make on my show every morning, not because of how they will rake, but because that's a story we need to tell. Right. So how do you, how do you walk the because we think to do with creativity. I think poppy Harlow has the capability. You have a creative capability and in your really gifted and CNN itself is just filled with these people. As I think about, where would you like to invest the next hundred million dollars to the extent that we have data that tells how customers respond to poppy Harlow and so forth. We say, wow, that that would probably be a really good investment. We can risk manage. We can think differently about how we invest their. We can think differently about how we invest in in the next j.j Abrams content. So we know what this guy looks like. We know what audiences love him. And so you could you find yourself willing to invest more in new projects because you have information in terms of how those projects monetize over time? It doesn't change how I view j.j. Abrams creativity would never engage in that way, but just where you put the money so. So did that affect congrats and six Emmys for HBO this year and. You didn't think goes any good at this. Did you. We're just starting look book what's happened since we came in and look at the movie sleep, it came out. Unbelievable. We're a second into this. Congrats on the Emmys to Richardson is entire team six Emmys. It's been number one at the Emmys for the last sixteen years net flicks this year brochure, seven Emmys. And Richard said to my colleague, Brian Stelter who's here a tip of the hat to net flicks for all their great work and John stinky said, who has worn a media mind goal is to give the resources to green light additional projects, but I don't want to recreate Netflix x. so what are you building with HBO. Actually, we're building on HBO. I, I think they are. I made a quote a couple of weeks ago that kind of the Tiffany's of. Yeah, but I believe that I mean, they are kind of the premium element of TV content for people. You said, I think net flicks is kind of the WalMart of subscription video on demand, and as people laugh at eight and eight and HBO is the Tiffany. So. Douglas journalists bell was going off and I want to know exactly what you mean by that. So Doug MacMillan is the CEO of WalMart. He's a very dear friend of mine. He called me the next day and he said he wanted to know what a bit by that also. They're really big customer and. And I told him, I said, look, if I am going to go shop for something, whatever it is I, I'm going to go to one place generally run. They have everything I might be looking for. WalMart comes to mind, and I said, you'd probably prefer, I said, WalMart and Amazon, right? He said, yes, I absolutely for WalMart. And as I think about Netflix, if you're looking for some kind of content, it's the place where you go and you know, you're going to have a wide variety, a deep inventory of content to go watch, and you're probably going to find something that you want to engage with. That is not the HBO business model. It's premium content. It's premium documentaries, it's it's premium scripted series. And I mean, game of thrones is just like the the premium of premium. Right? And so that's what I say. We're not trying to make HBO into net flicks. That's not the objective of, but by the same token, you know, you look at Warner media and they invest. We invest every year. We're a level and content that equivalent to what Netflix invest. And so there's a whole as a whole said, I mean, you end John, thank you both said you want the lineup at HBO to be more fulsome to be more than just Sunday night. Right? So what are we talking about? I'll leave the to Jones. Thank you to put and beat on the bones. He's working on this right now and I don't want to. I don't want to get in front of him on this, but to make sure that as you think about going through the course of the year, that there is always something new and fresh on HBO and that you don't have these customer patterns with people coming in and out of the content. You'd like them to being gauged with the content year round and in rather persistently and consistently. We just think that makes a better experience at a better product. He has talked about. John has talked about being aspirational his word in terms of the number of households that in his words, find it valuable enough to have it inside. And when you look at the spend HBO spent three point seven Bill. Last year on content and you've said book, it's unlikely that AT and t.. We'll spend the eleven to twelve billion that it's projected net flicks. We'll spend on content this year, but as a whole Warner media will match that, how are you looking to beat Netflix? Are you looking to beat apple in the content game and how much money are you willing to spend to do it and be what tells you that you won. We're all competing for customer time in attention. Customer engagement just mean CNN is competing. Right every single morning. And so what can you do to build a product that drives that kind of engagement, that kind of interaction where customers our viewers literally think every day I need to be on HBO to see something that there's something engaging tracks them to it. And so I do believe it's going to require a little more investment. That's a key word. And you said every day I do think it should be. I think we should aspire to everyday engagement on these platforms. And that's what we're looking for. Money doesn't grow on trees as I was told when I was three years old. So you told the Wall Street Journal of weeks ago that you were thinking about shifting some spend from Time Warner Turner units, whether that's TNT TBS to HBO instead, and the proposal would be potentially running some of that HBO content then on TNT on TBS on these other Turner units made a lot of headlines is that the strategy. Stinky is going to flush out the strategy in detail, but I'll go back to. I don't care what business you're running, whether it's AT and t. r. broadband business, it's mobile business, whether it's a media business, your number one job is an executive is appropriate allocation of capital resources. That's just what you do is living to be quite candid and so-. Johnston, he's a big boy. He's overrunning Warner media. He's got some big boy decisions to make in terms of how he allocates capital to accomplish what we want to do here. And so that means you're some areas going to get more capital somewhere. He's going to get less capital, but you do these things over time. And and I, I tend to think in three to five year time horizons and these things, and I don't think you're going to wake up tomorrow and see a major capital shift in Warner media. But I do think over time capital gets reallocated those areas that will drive daily and consistent and perpetual engagements. HBO proves that it can do that, but it can be that every day and to and that it can be an meet those aspirins that it will then be a place where a significant amount of that capital would be wisely shifted. Absolutely. I, I will be disappointed if three years from now we're not investing more in HBO. It would be a very big disappointment. I think we all have such confidence in Richard ler their business model and what they've created over there, you say, can we do more of it? And if you put more resources to it, could you get more engagement? We're, I think we're actually all very bullish that we can't do that about dander and let's talk about what's smart advertising really looks like because I remember interviewing Eric Schmidt ten years ago when when he was running Google and he was talking to me at the time about said, poppy, why aren't our TV's smarter? And he knew answer and our TV's are smarter now, right? But advertising still isn't that smart. I see the ads that people see on my show, and I wonder sometimes why they're seeing those ads right? And. Especially when you know where we are in two thousand eighteen and where we are digital advertising. So I mean, you've said, just owning great content is no longer sufficient. This is about direct relationships with consumers in your vision, what is making advertising smarter? What we'll tell you, we've done it. You you framed it? Well, and I think advertising is really, really smart in half of the world. The digital half is really good. The digital half is very targeted, the digital half. If you're an advertiser, your, you're getting good feedback. You're getting the ability to manage campaigns and and to deliver ads kind of own your own. That a lot of human intervention. It's just a very different world. If you look at the side of the equation where you operate in premium video, the traditional TV business, it looks nothing like that. And the advertising is not terribly targeted. The advertising does require a lot of human intervention. We're still selling the lion share the advertising up fronts and so forth. And so we actually believe that if you can make the premium video side behave look operate like the digital side that people will invest more in that people will be excited about the advertising model on that side. We, we. Have done this in a very small degree. If we bought direct TV, we bought direct TV and we ended up with a lot of add a little bit of advertising inventory, two minutes per hour of programming on CNN Frank example, we have two minutes of every hour of direct TV we could take to market. So we have all this data on our subscribers. Viewership data. We have location data on on mobile and so forth. And so we have been in a very what I'll call primitive fashion working with some you out here, putting together a business model that said, what would happen if you could get that targeted into into your programming, what would it look like you want? It looks like we have a business where traditional subscription revenues are declining three, four percent of year. The advertising on those is growing sixteen seventeen percent year over year. That's not being very good at it yet. All right, more from my interview with AT and t. CEO Ronald Stevenson after the break.
"ceo randall stephenson" Discussed on Boss Files with Poppy Harlow
"Do you run a seven or eight figure ecommerce website? Do you want as much as two hundred and thirty five percent higher conversion rates is your site fully optimized? Are you AB testing as often or as fast as you should be? Have you tested navigation, menus, your home page, your category, pages your product, display pages, and your checkout pages. If not, you could be leaving millions of dollars of sales on the table. Conversion fanatics can help through strategic hands on and data driven conversion optimization and ABC testing. Conversion fanatics runs thousands of AB tests every year for commerce stores like birds bees, Dr axed renew life, lumber, liquidators, and dozens more, and they can help you to get a free copy of their number one. Amazon bestselling book, conversion fanatic. When you request your free in-depth conversion analysis today go to conversion fanatics dot com. Slash podcast for your free website review and free copy of conversion fanatic. Now that's conversion. Fanatics dot com. Slash podcast go to convert fanatics dot com slash podcast and sign up today. It takes twenty seconds and you'll discover how conversion fanatics has recovered millions of dollars in Los angels for clients go to conversion, fanatics dot com. Slash podcast and grow your e commerce site today. Take one last ride around the world, the EMMY award winning Anthony, bourdain parts, unknown the final episodes chairs, Sundays at nine on CNN. In this episode of boss files not been exposed in depth to many industries that are verse and reluctant to change as much as fist of various low moving industry AT and t. CEO Randall Stevenson, how he's transforming telecommunications giant into a modern media company. Following the merger with Time Warner plus his fierce defense of the free press. I personally think that there is nothing more important to our constitutional form of government than freedom of the press the full weight and resources of AT and t. will be committed to protecting first amendment rights wherever people also what AT and t. one hundred and eighty billion dollar debt load will mean for investing in the business and the critical question protecting customers. Privacy, I sat down with him at AT and t. relevance conference in Santa Barbara. I should note AT and t. owned Warner. Media which owns CNN warning everyone. I hope you're having a good morning. I woke up at four thirty your to do. Thanks for having us. Thank you for having me. It's good to be here. So for those of you who don't know Randolph's first job in one thousand nine hundred two at AT and t. the year I was born I do know what it was. That last part seriously, you're seriously boss. Night night shifts. The nightshift changing magnetic tape on mainframe computers. Magnetic tape is not really. So that was his job. And then when AT&_t. proposed buying my company Time Warner and the merger was announced the Wall Street Journal. Headline red meat, America's least likely media mogul to confess to that. Again, I understand that they were talking about you now you are a media mogul. You've never run a movie studio before you've never run a television network before you've never run a news network before, and now you're running all of them. I think you're in for it. How's it going so far? So good. Yeah. I mean, we're really pleased with what we've got, and as we got past the trial and could actually get in and begin to beat people and and get our hands dirty in the businesses, it's it's been fun. This learning, I, I love to learn businesses. I not that I don't have that much of a fetish about media and movies and so forth. But the business models and learning the businesses and so forth has been fun. And we put John stinky and run it which I know you have met John stinky. The name sounds at timid dating by itself, and he's mucus, tells me the guy looks and sounds like a linebacker for the Dallas Cowboys. Yeah, he's just under seven feet, but but I think he's doing a terrific job and so far so good. We're going to get into a lot of that and and into the lawsuit in the fertile 's in a little bit. But but let's just talk about relevant in being relevant. That isn't even a conference. This is one hundred and forty two year old. Storied company, Jeff Yang or just met who who sits on the board came up with this phrase that you've adopted and repeat often which is modern media company. I'm interested Randall in not just what it means to be a modern media company. A lot of entities can be that. What does it mean to you? Do actually be relevant and to stay relevant. Oh man, that's that's what you live and breathe. When you're running any company. I don't care what it is because especially in this day and age businesses and business models and technology. I mean, I just never seen it move this fast. And if you're a CEO roughly every eighteen months you're having to make bets that are, I don't want to be. I don't wanna be too melodramatic, but there's somewhat existential in nature and in our business, I I've said this a lot and I and I believe it that you miss one technology cycle in the communications industry and it, it may not kill you. It can. It's killed companies, but if it doesn't kill you, it will wound you for a very, very long time and and so to stay relevant, you've just got to constantly be investing and you've got to be investing not on today, but you've got to be investing on where you think the world is going. About where the world's going look AT and t. was built on land lines. We saw that photo of Brian lesson in the phone booth. Right. And what really fit. And it's not that today. And when you think of the paid for subscription television, my job today makes a lot of money the that that line of business, but it's not the future. What it's gonna look like. You've said five years out the lion share of traffic on AT and t. s. networks will be driven by video which gets to the merger. Obviously, in premium content, how are you going to use this data? Because you have been outspoken about how producers and actors and some of us in media can be wary of using debt to make programming decisions. But you said can not help inform your view in terms of how you'd like to be investing in content. I believe it showed those were your words. So what are you gonna do with all of that data in terms of programming and content? We were talking backstage. Have been involved in a lot of different businesses and a lot of different industries. I was on the board of Boeing, which you think slow moving of big infrastructure, long, long cycle investments, and another company that was in a consumer products communications. I not been exposed in depth to many industries that are averse and reluctant to change as much as media industry. Yeah, it's it's fascinating to me, you know, because you think of media and you think of of entertainment and how it moves fast and it's been, but in terms of business models and changing how you deliver the product, it is an industry that has about as much inertia as any industry. I've been involved. Quickly enough. I don't think they move at all. It's just it's just it's a very slow moving industry when you when you talk about change and you talk about changing how the content is delivered and how content is paid for and how content is monetize it, it's going to have to change. There's just walls go up. It's really interesting. It's been intriguing to watch, and I think it's gonna be fun to kind of go through this process and and see if we can make some of these pivots. So you ask. How will you use data? Look, any businessman. We'll tell you more intelligence is just better for decision
"ceo randall stephenson" Discussed on KDWN 720AM
"Cybersecurity visit gavin's dan dot com the justice department has filed a lawsuit to block at and t's takeover of time warner the parent company of cnn pbs and turner broadcasting among others the lawsuit filed in federal court in washington dc yesterday challenges the eighty five billion dollar deal which was announced by the two companies more than a year ago at t says it will fight back in court in the suits the doj argues that the deal violates antitrust law because at t would likely quote use its control of time warner's popular programming as a weapon to harm competition and the governmental edges that the deal would quote result in fewer innovative and higher bills for american families at t has been preparing for a potential legal challenge immediately disputed the government's claims david mcafee at t these general council said in a statement quote today's doj lawsuit whose o'donnell an inexplicable departure from decades of antitrust precedent vertical mergers like this one r routinely approve because they benefit consumers without removing any competitor from the market we see no legitimate reason for our merger to be treated differently and in a press conference yesterday at t ceo randall stephenson sharply criticized the doj zd decision quote i've done a lot of deals in my career but i've never done wine where we have disagreed with the department of justice so much on even the most basic of fax and buzzfeed is reporting that michigan representative john conyers subtle the wrongful dismissal complain in two thousand fifteen with a former employee who alleges she was fired because she would not quote succumb to his sexual advances documents from the complaint include four signed affidavits from former staff members who alleged that conyers the ranking democrat on the house judiciary committee repeatedly made sexual advances to female staff that included requests for sexual favors contacting and transporting other women with whom they believed conyers was happen affairs caressing their hands and rubbing their legs and backs in public and the woman who set old past buzzfeed news not to identify her because she fears retribution she said quote i was basically blackballed there was nowhere go last week.
"ceo randall stephenson" Discussed on KSFO-AM
"At t has been preparing for a potential legal challege baid immediately disputed the government's claims david mcafee at t these general council said in a statement quote today's doj lawsuit here's a radical an inexplicable departure from decades of antitrust precedent vertical mergers like this one r routinely approved because they benefit consumers without removing any competitor from the market we see no legitimate reason for our merger to be treated differently banned in a press conference yesterday at t ceo randall stephenson sharply criticized the doj zd decision quote i've done a lot of deals in my career but i've never done wine where we have disagreed with the department of justice so much on even the most basic of backs and no more fun un gatherings in north korea according to defectors kim john hoon has banned north koreans from drinking and singing citizens have been banned from participating in quote any gatherings related to drinking singing and other entertainment the yonhap news agency reported yesterday the north korean regime is also strengthening control of information coming from outside the country the ban is reportedly an effort to stifle quote a possible negative impact of sanctions against north korea and reuters is reporting that north korea is also taken an action against its military undertaking an inspection of the military poet bureau due to an quote impure attitude toward the party leader and top military officials including bureau chief kwong young so and deputy chief kim wong hong were punished as a result of the investigation but it's unclear how they were disciplined cnn is reporting on a third woman who says senator al franken inappropriately touched her into jon saying he touched her while taking the photo at.
"ceo randall stephenson" Discussed on KDWN 720AM
"American families pay tnt has been preparing for a petanque legal challege paid immediately dispute the government james david mcafee at t these general counsel san a statement quote today's doj lawsuit here's a goal and explicable departure from decades of antitrust precedent with vertical mergers like this one r routinely approved because the benefit consumers without removing any competitor the market we see no legitimate reason for our merger to be treated differently uh and and a press conference yesterday at t ceo randall stephenson sharply criticized the doj zd decision quote five gun a lot of deals in my career but i've never done one where we have disagreed with the department of justice so much on even the most basic of facts and no more fun gatherings in north korea according to defectors kim jonghoon has banned north koreans drinking and singing citizens have been banned from participating in quote any gatherings related to drinking singing and other entertainment the nap news agency reported yesterday the north korean regime is also strengthening control of information coming from outside the country bagged the ban is reportedly an effort to stifle quote a possible negative impact of sanctions against north korea reuters is reporting that north korea is also taken an action against that's military by quote undertaking an inspection of the military poet bureau due to an quote impure attitude toward the party leadership and top military officials including bureau chief kwong young so and deputy chief kim wong hong or punished as a result of the investigation but it's unclear how they were disciplined cnn is reporting on a third woman who says senator al franken inappropriately touched her in two thousand ten saying kgb touched her while taking of nato at the minnesota state fair it's the first delegation of touching by frank uh while he was an awful shall los angeles radio host lee and tweeting said that franken forcibly kissed and groped her in two thousand six when franken was a comedian lindsay men's a 33yearold woman who now lives in frisco texas said she begged share a quote uncomfortable interaction that left her feeling quote gross according demands she attended those minnesota state fair with her husband and father in in the summer of two thousand ten almost two years after franken was elected to the senate she had a brief cordial exchange with.