Geoff Colvin

AT&T Has Become a New Kind of Media Giant

AT&T CEO Randall Stephenson’s strategy [to synergize all of the company properties] is breathtaking in scale and scope, the largest transformation underway at any company in the Fortune 500. AT&T’s main traditional competitor, Verizon, has chosen an entirely different path, and Stephenson’s new rivals are in markedly different businesses. Stephenson marvels, “I spend as much time thinking about Amazon and Netflix as I do thinking about Verizon and Comcast now.”