AT&T CEO Stephenson Title Won’t Be Changing After Time Warner Deal

ATT (T) CEO Randall Stephenson will not be holding on a new purpose heading a total association done adult of a telecommunications hulk and Time Warner Inc. (TWX)  despite a Bloomberg news saying otherwise. 

ATT told CNBC that a essay about a vital reorder was filled with speculation.

The Bloomberg story pronounced that Stephenson will turn executive authority and lead a span of CEO’s that will be exclusively handling a company’s telecommunications and media business

Though no longer CEO, Stephenson was pronounced to sojourn a company’s tip executive, and concentration on heading a association down a new trail as a media giant.

The new pretension would have been a outcome of ATT’s designed classification changes stemming from a company’s $85.4 billion squeeze of Time Warner.

What’s Hot On TheStreet

More issues for food makers: As if food makers such as Kraft Heinz (KHC) and grocery retailers like Kroger (KR) and Walmart (WMT) didn’t have adequate issues on their image interjection to Amazon’s (AMZN) advances.

A poignant demographic headwind could supplement serve vigour on a finished food and grocery store sectors in a years ahead, according to Wolfe Research researcher Scott Mnushkin. The U.S. supervision reported recently that a flood rate in a U.S. (births per 1,000 women) strike a record low of 62.0 in 2016, with a series of births down about 1% from a before year. With births disappearing and immigration slowing, race expansion in a U.S. has stalled.

Do you have an unusual story to tell? E-mail