AT&T is the third largest Wireless provider in a business where all you have to do is keep up with the tech to succeed. Their management, and I don't think they had any expertise in entertainment, fell for some business voodoo about synergy and bought a bunch of companies they had no experience in running. The result is a failure that will probably result in a few heads being cut with only tens of $millions in compensation. Because at that level failure is as rewarding as success.