AT&T wireless business grows but premium TV subscribers decline

AT&T Inc exceeded analyst expectations on Wednesday for net wireless subscribers who pay a monthly bill, as it eked out some growth in a saturated market and continued to bundle media content from Time Warner into new wireless plans.
But the second-largest U.S. wireless carrier by subscribers lost more premium TV subscribers than the previous quarter as viewers moved to streaming services like Netflix Inc.
AT&T lost 778,000 premium TV subscribers, a category that includes DirecTV satellite and U-verse television customers, much more than the 544,000 lost in the first quarter. The company also lost 168,000 streaming DirecTV Now accounts. AT&T said it expects a similar level of video losses to continue in the current quarter.