AT&T’s Ad Revenues Shrink by a Third in Brutal, Coronavirus-Decimated Quarter

Turner loses $470 million without NBA, Final Four advertising

AT&T CEO John Stankey said the company expects that Covid-19's effects will continue “well into next year.” AT&T

Key insights:

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.

@kelseymsutton kelsey.sutton@adweek.com Kelsey Sutton is the streaming editor at Adweek, where she covers the business of streaming television.
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