After AT&T took over HBO, CEO Richard Plepler was beginning to suspect the telecoms folks were nothing more than a bunch of Philistines. “They didn’t regard television as art,” says one former HBO executive—and the misgivings were mutual.
Richard Plepler stood onstage at a theater at HBO’s New York headquarters and gazed around the bustling room. Dozens of HBO employees were taking their seats. It was midday on a Tuesday in June 2018. Only five days earlier, a federal judge had ruled in AT&T’s favor over the Justice Department, paving the way for the phone company to complete its $85.4 billion acquisition of HBO’s parent company, Time Warner.
Stankey, a bald-headed, broad-shouldered Texan, was wearing oval glasses, a drab sports jacket, and pleated, brown dress pants. He climbed onstage and folded his sturdy six-foot-five-inch frame into a seat next to Plepler. Stankey had been a veteran of the telecom industry since the mid-1980s. Just recently, he had completed stints as AT&T’s chief technology officer and as the head of its struggling DirecTV unit.
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