AT&T Cuts Its Dividend in Spinoff of WarnerMedia

P.M. Edition for Feb. 1. As it unwinds its entertainment business, AT&T plans to nearly halve its dividend payout to stockholders. WSJ telecommunications reporter Drew FitzGerald joins host Annmarie Fertoli to discuss what it means for investors and the company’s overall strategy. Learn more about your ad choices. Visit megaphone.fm/adchoices