AT&T CEO John Stanke Warns of Inflation Threat –

Following the Discovery and WarnerMedia merger, AT&T Chief Executive John Stanke warns of inflation, warning that the growth rate of prices in the wider economy will affect consumer spending on video content.

“The television business tends to go through the dynamics of changing the size and size of the product that the consumer buys. But I think overall we’re in reasonable shape under pressure from the economy in 2023,” Stanki told JP Morgan Global Technology, Media & Communications during a webcast.

Analysts question whether Netflix’s recent downturn is hurting Warner Bros. On Discovery and forcing the management team, led by CEO David Zaslav, to reconsider the strategy. Stanki said some consumers are better off than others against the threat of inflation.

“Consumers, who are in the lower tiers of the market, place a lot of emphasis on choice. “It’s about gasoline and food and stuff like that,” he said. Stanki added that inflation as a whole was bad for the US economy and consumer spending.

“We have to take into account the fact that the inflation rate is really problematic. This is not good for anyone. It’s not good for any business. This is not good for the customer. “It’s not good for the country as a whole,” he said.

Stanke also argued that after the closing of WarnerMedia, AT&T, as a focused broadband provider, was monitoring transactions with Hollywood media players.

“For our best offering as a leading provider to the Union, we need to work with a wide range of people who need access to more than just entertainment, virtually any industry, and that should be the strength of our progress,” he said.