3 Major Coronavirus Challenges for Pay TV [The Motley Fool]
AT&T Inc. (T)
Last at&t inc. earnings: 4/22 06:54 am
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Source: The Motley Fool
There's been a surge in television watching over the past month as more people avoid social interaction in order to prevent the spread of the novel coronavirus. And that sounds like great news for pay-TV providers. It would seem their services are now more valuable than ever.Except the industry is facing three major challenges that could have long-lasting effects on pay-TV providers well after the threat of coronavirus has abated. Let's take a closer look at what these three challenges are, as well as which companies will see the biggest negative impact as a result of not meeting the challenge.Image source: Getty Images.. The biggest draw for pay-TV -- live sports -- disappeared overnightPretty much every sports league (amateur and pro) suspended play in mid-March. The NCAA canceled its championship basketball tournament, the NBA and NHL put their leagues on hiatus, and the MLB pushed back its opening day indefinitely.Sports are one of the biggest draws for the pay-TV bundle. Live spo
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- AT&T (NYSE:T) was given a new $30.00 price target on by analysts at Sanford C. Bernstein.MarketBeat
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- 1/5/26 - Form 4
- T's page on the SEC website