AT&T boss: We should spend more money on HBO and less money on TBS and TNT

The Wall Street Journal

AT&T CEO Randall Stephenson said he wants to shift the resources for creating original shows on TNT, TBS and other Turner Networks to HBO. He tells The Wall Street Journal that the Turner channels would use some of that freed-up program time to air HBO reruns, which would help deliver more viewers to HBO. “A lot of the content spend is in Turner, specifically TNT and TBS," he says. "Is that really the highest and best use of capital? Or is it more appropriate and best use to put it toward HBO?” The plan would help boost HBO and make it a stronger competitor to Netflix.