AT&T Inc.’s pay-television subscriber base continued to erode during the first quarter, adding pressure on the telecom and media giant to develop a new streaming service aimed at cord-cutters. The Dallas company reported a net loss of 544,000 so-called premium TV customers, a category that includes DirecTV satellite subscriptions and U-verse fiber-optic packages, during the first three months of the year. The online cablelike service DirecTV Now shed 83,000 customers.

Source: Wall Street Journal April 24, 2019 12:12 UTC