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It’s shaping up to be another rough quarter for traditional television giants, whose advertising businesses have been decimated by the postponement and cancellation of televised sporting events and whose theatrical releases have been put on hold due to the ongoing effects of the Covid-19 pandemic.
For AT&T, that translates into an estimated $510 million revenue impact, the company reported in its second quarter earnings this morning, with some of the biggest losses coming from the company’s advertising business.
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