“We’re not going to be penny-wise and pound-foolish here,” Stephenson said in an interview on the financial news channel. The No. 2 U.S. wireless carrier closed its $85 billion acquisition of Time Warner on Thursday and now faces the task of integrating a media company into its operations as it seeks to rival Netflix Inc (NFLX.O), Amazon.com Inc (AMZN.O) and other technology companies providing entertainment directly to customers. Time Warner will be renamed WarnerMedia, according to a memo sent to employees by John Stankey, who will serve as CEO of WarnerMedia. …read more
Source:: Yahoo Finance
