It lost 49,000 U.S. television subscribers in the second quarter but an... AT&T Inc.’s quarterly profit and revenue got a lift from its acquisition of DirecTV but the company reported declining numbers of core wireless phone and pay television connections. A year after closing its $49 billion acquisition of DirecTV, forming the biggest U.S. pay television operator, the company said cost savings from the deal are ahead of its plans.

Source: Wall Street Journal July 21, 2016 20:30 UTC