AT&T Inc on Thursday raised its full-year financial forecast as the telecoms company emerged from the pandemic with more wireless and internet customers, and beat analyst estimates for phone subscribers and revenue in the second quarter.
The results come as AT&T is unwinding its expensive media investments to focus on its original business of providing phone and internet services.
Ahead of closing a deal to combine its media content with Discovery, AT&T said WarnerMedia continued to attract more customers to streaming service HBO Max and notched higher revenue as live sports and televised events resumed from the pandemic.
The company added 789,000 net new phone subscribers who pay a monthly bill during the quarter ended June 30, blowing past Wall Street estimates of 278,000 new subscribers, according to data from research firm FactSet.
WarnerMedia added 2.8 million U.S. subscribers for its premium channel HBO and streaming platform HBO Max during the quarter, thanks to new movies like Lin-Manuel Miranda’s “In the Heights” and “Mortal Kombat,” which is based on the popular video game.
The growth of new digital video subscribers is one sign the market for streaming media is still expanding in the United States, said WarnerMedia CEO Jason Kilar in an interview, even as streaming pioneer Netflix reported losing 430,000 subscribers in the United States and Canada in the second quarter.
“The market is expanding based on consumer spending … but you have to deliver for customers day in and day out,” he said.
Kilar added that HBO Max subscriber growth in Latin America is going to exceed the absolute number of subscriber additions in the U.S. market over the back half of this year and that he “wouldn’t be surprised” if that trend persists into 2022.
The company said during a conference call with analysts that it would delay launching HBO Max in some European markets until early 2022 in order to focus on its early success in Latin America.
AT&T raised its forecast for global HBO Max subscribers to between 70 million and 73 million by the end of the year. It previously expected 67 million to 70 million subscribers.
Still, AT&T’s move to exit the entertainment business reflects the enormous costs and challenges to compete in a crowded streaming video industry.
Globally, HBO and HBO Max now have 67.5 million subscribers, compared with 209 million subscribers for Netflix.
‘STRONG EXIT VELOCITY’
The Dallas-based company said its deal to sell a minority stake in DirecTV, its struggling satellite TV brand that continued to shed customers during the quarter, to buyout firm TPG Capital is expected to close within the next few weeks.
AT&T Chief Executive John Stankey said the company’s commitment to WarnerMedia and DirecTV have remained the same to set the businesses up for success.
“We want to hit a strong exit velocity for both of these businesses, at which point the combination with the right partner only expands their respective opportunities for success,” he said during the conference call.
If the deal to sell a piece of DirecTV closes in a few weeks, total revenue will be lowered by $9 billion for the remainder of the year, the company said.
On Wednesday, the company announced it would sell Vrio Corp, its DirecTV business unit in Latin America, to Argentina-based investment group Grupo Werthein after taking a $4.6 billion impairment charge.
AT&T added 246,000 net new fiber internet subscribers during the quarter, up from 225,000 added in the year-ago quarter, as the company has made it a top business priority to serve more households with high-speed internet through fiber optic cables.
Total revenue at AT&T rose 7.6% to $44 billion, beating analysts’ average estimate of $42.67 billion, according to IBES data from Refinitiv.
Excluding impacts from the DirecTV and TPG deal, AT&T now expects 2021 revenue growth in the 2% to 3% range and adjusted earnings per share to rise in the low- to mid-single digits.
The company had previously guided revenue growth in the 1% range and adjusted earnings per share to be stable with the previous year.
Net income attributable to common stock rose to $1.5 billion, or 21 cents per share, in the second quarter, from $1.2 billion, or 17 cents per share, a year earlier.
Excluding items, AT&T earned 89 cents per share, above estimates of 79 cents.
Shares of AT&T were flat in morning trading.
(Reporting by Eva Mathews in Bengaluru and Sheila Dang in Dallas; additional reporting by Helen Coster and Kenneth Li in New York; Editing by Sriraj Kalluvila, Steve Orlofsky, William Maclean)
Your Cover Letter’s Third Paragraph — Getting the Reader to Act
If you don’t ask, you don’t get.
In the 1992 movie Glengarry Glen Ross, Alec Baldwin’s character, Blake, gives a shape-up or ship-out speech to a group of real estate salesmen. He turns over a blackboard on which two sets of letters are written. One set of letters is “ABC.” Blake then shouts, “A-B-C. A, always; B, be; C, closing. Always be closing! Always be closing!”
To shorten your job search, envision you’re looking for your next client. Finding your next client is a sales process; therefore, you need to A-B-C. When you’re in A-B-C mode, you move through an employer’s hiring process much faster than passive job seekers.
A-B-C isn’t only for when you’re at the interview stage, intending to close the deal (obtaining a job offer). To get your network to inform you of job opportunities, get past gatekeepers, and especially to get that covenant interview, you need to A-B-C, which is why your cover letter’s last paragraph needs to be a call to action.
Here are 3 examples:
With my 15+ years of sales management experience, I know I can quickly get up to speed as ACME Inc.’s next Sales Director. I’d welcome the opportunity to speak with you regarding my qualifications. Next Wednesday, I’ll reach out to schedule a call to discuss my thoughts on who to raise ACME Inc.’s ROI by 25% before year-end. I look forward to speaking with you.
I’m inspired by Callister Inc’s success in supporting homegrown businesses. I have several ideas for marketing strategies to increase profitability among your customer base and how I can grow your reach. I look forward to the opportunity to share my thoughts with you.
I’m looking forward to discussing my skills and my 10+ years of international hotel management experience. I’ve several suggestions I’d like to pass by you on how Grand Budapest Hotel can increase its occupancy rate, a challenge all hotels face during the current pandemic. Please contact me at (555) 916-225-5887 or firstname.lastname@example.org any time. I’ll be in touch next Friday to follow up.
Your closing paragraph needs to:
- Be decisive. Decisiveness projects confidence, which is not to be confused with arrogance. Confidence is a massive turn-on with employers.Before the hiring manager can feel (hiring comes down to gut feel) you can do the job, they need to feel that you feel you can do the job.
- Write to what you can do for the employer, not what they can do for you.
- Offer a teaser. To use another movie analogy, think of Marlon Brando’s words in The Godfather, “I’m gonna make him an offer he can’t refuse.” This sets the foundation for what’ll be discussed and therefore puts you in the driver’s seat.
- Mention you’ll follow up. (Then DO IT!)
The last point is a job search game-changer. Many career experts claim following up is overly aggressive. The way I see it, not following up makes you passive, which is a form of being lazy. I’m repeating myself; employers don’t hire lazy.
There’s been a few instances where I’ve been overwhelmed with resumes. Those who called me almost always got an interview. I can recall three times where I hired the person based on a “follow-up” phone conversation.
A few weeks back, a Regional Sales Director for a large pharmaceutical company told me when hiring a sales representative, he only grants interviews to those who follow up. This makes sense since sales success requires being comfortable making calls.
Bottom-line: Following up by phone will set you apart from your competition.
Of course, if the job posting says “No phone calls please.”, which is uncommon, you need to respect such instruction.
Regarding signing off, use any of the following:
- Best regards
- Sincere regards
- Yours truly
As I’ve mentioned in an earlier column, there’s no universal hiring methodology. Don’t stress over small details, such as how to sign off. Throughout your search, focus on communicating how you’re able to bring results (value). Such focus will have you A-B-C.
If you’re wondering what the other set of letters Blake had written on the blackboard, they were AIDA — Attention, Interest, Decision, Action. This is what your cover letter needs to do.
Nick Kossovan, a well-seasoned veteran of the corporate landscape, offers advice on searching for a job. You can send him your questions at email@example.com.
Israel to offer COVID booster shots for over 60s: PM – Al Jazeera English
Those eligible will be able to get the booster shot as long as they received their second dose more than five months ago.
Israel will begin offering a third shot of the Pfizer-BioNTech COVID-19 vaccine to people aged over 60 who have already been vaccinated, the country’s prime minister announced on Thursday, becoming the first country to offer a third booster dose to its citizens.
“I’m announcing this evening the beginning of the campaign to receive the booster vaccine, the third vaccine,” Naftali Bennett said in a nationally televised address.
“Reality proves the vaccines are safe. Reality also proves the vaccines protect from severe morbidity and death. And like the flu vaccine that needs to be renewed from time to time, it is the same in this case.”
Those eligible will be able to get the booster shot as long as they received their second dose more than five months ago, Channel 13 TV and Kan public radio reported.
Israel was a world leader in the vaccination rollout, with many seniors getting their jabs in December, January and February as they were regarded as the most vulnerable section of the population.
About 57 percent of Israel’s 9.3 million population has been vaccinated.
The country was accused of vaccine apartheid after Palestinians in the West Bank and Gaza Strip, who live under varying degrees of Israeli control, were denied vaccines as it launched one of the fastest inoculation campaigns in the world.
Increase in cases
But since the emergence of the Delta variant, the health ministry has twice reported a drop in the vaccine’s effectiveness against infection and a slight decrease in its protection against severe disease.
About 160 people are hospitalised with severe symptoms and daily infections have spiked to more than 2,000, up from just a handful of cases per day a few months ago.
The booster campaign, expected to be announced formally soon, will effectively turn Israel into a testing ground for a third dose before approval by the US Food and Drug Administration (FDA).
On July 11, the government started offering a third dose to adults with weak immune systems.
“We are administering as of now a third shot to people suffering from immunodeficiency,” Health Minister Nitzan Horowitz said.
Pfizer said on Wednesday it believes people need the additional dose to keep protection against the coronavirus high. The company says it could apply for US emergency authorisation for booster shots as early as August.
Media reports said the head of Israel’s health ministry gave health maintenance organisations the go-ahead to administer the third shot after Israeli experts approved the campaign late on Wednesday.
Last week, the health ministry estimated the vaccine was only 41 percent effective at halting symptomatic infections over the past month. Protection against severe disease remained strong at 91 percent.
Some experts have criticised the ministry’s analysis because of possible bias that could be skewing the data. Others said Israel should wait a little longer to receive more information about the safety and effectiveness of a third shot.
The cabinet is hoping that the vaccines will allow it to avoid costly lockdowns by protecting those most vulnerable to severe disease, even as infections climb.
Israel has registered a total of 6,463 deaths and 868,045 confirmed cases since the beginning of the pandemic according to data provided by Johns Hopkins University.
Israel to offer COVID-19 booster shot to fully vaccinated people 60 and older – The Globe and Mail
Israel’s prime minister on Thursday announced that the country would offer a coronavirus booster to people over 60 who have already been vaccinated.
The announcement by Naftali Bennett makes Israel, which launched one of the world’s most successful vaccination drives earlier this year, the first country to offer a third dose of a Western vaccine to its citizens on a wide scale.
“I’m announcing this evening the beginning of the campaign to receive the booster vaccine, the third vaccine,” Bennett said in a nationally televised address. “Reality proves the vaccines are safe. Reality also proves the vaccines protect against severe morbidity and death. And like the flu vaccine that needs to be renewed from time to time, it is the same in this case.”
The decision comes at a time of rising infections and signs that the vaccine’s efficacy dwindles over time.
Anyone over 60 who was vaccinated more than five months ago will be eligible. Bennett said the country’s new president, Isaac Herzog, would be the first to get the booster on Friday. It will be offered to the general public on Sunday.
Bennett, who is 49, said his first call after the news conference would be to his mother to encourage her to get her booster shot.
Neither the U.S. nor the EU have approved coronavirus booster shots. It’s not yet proven if a third dose helps and, if so, who needs one and when.
But Bennett said that a team of expert advisers had agreed overwhelmingly, by a 56-1 margin, that it made sense to launch the booster campaign. He said the recommendation was made after “considerable research and analysis” and that its information would be shared around the world. Preliminary studies in Israel have indicated the vaccine’s protection against serious illness dropped among those vaccinated in January.
“The findings show that there is a decline in the body’s immunity over time, and the purpose of the booster is to restrengthen it, thus significantly reducing the chances of infection and serious illness,” Bennett said.
Israel has used the Pfizer-BioNtech vaccine on its population. Previously, boosters were used in some countries with the Chinese and Russian vaccines.
Early this year, Israel carried out one of the world’s most aggressive and successful vaccination campaigns, reaching a deal with Pfizer to purchase enough vaccines for its population in exchange for sharing its data with the drug maker.
Over 57 per cent of the country’s 9.3 million citizens have received two doses of the Pfizer-BioNTech vaccine, and over 80 per cent of the population over 40 is vaccinated.
The vaccination program allowed Israel to reopen its economy ahead of other countries. But Israel has seen a spike in cases of the new delta variant, even among people who are vaccinated. Bennett urged unvaccinated Israelis, especially younger people who have been hesitant, to get vaccinated immediately.
Earlier this month, Israel started giving individuals with weakened immune systems a third shot to increase their resilience against COVID-19.
Pfizer said Wednesday that the effectiveness of the vaccine drops slightly six months after the second dose. Pfizer and its German partner BioNTech have said they plan to seek authorization for boosters in August.
The World Health Organization said earlier this month that there is not enough evidence to show that a third dose is needed.
The agency’s officials have appealed for wealthier countries to share vaccines with poorer nations that have yet to immunize their people, instead of using them as boosters. Israel itself has come under criticism for not sharing more of its vaccines with the Palestinians.
The Israeli Health Ministry recorded at least 2,165 new coronavirus cases on Thursday, following an accelerating rise in infections over the past month. Serious cases of COVID-19 have grown from 19 a day in mid-June to 159 as the highly infectious delta variant has spread.
Thanks to its successful vaccination campaign, Israel lifted almost all of its coronavirus restrictions this spring. But with new cases back on the rise, the country has tried to halt the spread of the highly infectious delta variant by reimposing limitations on gatherings, restoring a “green pass” system for vaccinated people to enter certain enclosed spaces, and an indoor mask mandate.
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