AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
Communications Services Flat Amid Verizon CEO Change and Deal Activity
ByAinvest
Monday, Oct 6, 2025 6:45 pm ET1min read
Communications-services companies were flat due to a sudden leadership change at Verizon Communications, which appointed Daniel Schulman as its new CEO, succeeding Hans Vestberg. Shares of AT&T and T-Mobile US also fell amid fears of a price war. Paramount Skydance agreed to buy journalist Bari Weiss's Free Press news organization for $150 million and installed Weiss as head of CBS News.
Verizon Communications Appoints New CEO Amid Tough CompetitionVerizon Communications announced the appointment of Daniel Schulman as its new CEO, succeeding Hans Vestberg. Schulman, the former CEO of PayPal, will take the helm immediately, with Vestberg serving as a special advisor until October 4, 2026. Verizon's stock slid 1% to $43.24 ahead of the opening bell, reflecting market uncertainty following the leadership change [1].
Verizon has faced intense competition from rivals like AT&T and T-Mobile US, which have been vying for both home internet and wireless customers. The Trump administration’s deportation policies are also expected to impact the industry, as immigrants typically contribute significantly to subscriber growth [1].
AT&T Stocks Slip Ahead of Q3 2025 Earnings Report
AT&T Inc. (T) is set to release its fiscal third-quarter earnings for 2025 before the market opens on Wednesday, October 22. Analysts expect the company to report a profit of $0.54 per share, down 10% from the year-ago quarter. Despite the expected decline, AT&T's stock has outperformed the S&P 500 Index, gaining 22.7% over the past 52 weeks. Analysts' consensus is bullish, with a "Moderate Buy" rating overall [2].
Paramount Skydance Acquires The Free Press and Appoints Bari Weiss as CBS News Editor-in-Chief
Paramount Skydance Corp. (PSKY) announced a deal to acquire The Free Press, an online news site founded by Bari Weiss, for $150 million. Weiss will also serve as the editor-in-chief of CBS News, reporting directly to the company's CEO, David Ellison. The acquisition and appointment aim to enhance CBS News' editorial independence and diversity [3].
Market Reactions and Outlook
The sudden leadership change at Verizon, along with the anticipation of AT&T's earnings report and Paramount Skydance's acquisition, has led to market volatility in the communications services sector. Investors will closely monitor Verizon's strategy under new leadership and AT&T's earnings report for insights into the companies' future performance.
Ainvest News articles are AI-generated using advanced large language model (LLM) technology designed to analyze and synthesize publicly available data and news. While AI tools assist in producing initial drafts and insights, all AI generated content published on Ainvest is subject to comprehensive human editorial review before publication. A designated human editor reviews, verifies, and approves each article for factual accuracy, coherence, and compliance with AInvest Fintech Inc’s editorial and disclosure standards.
Despite these review procedures, the information provided may still contain inaccuracies, incomplete data, or time sensitive references due to the inherent limitations of AI generated analysis and evolving changes. The material is provided strictly for informational and educational purposes and does not constitute personalized investment, legal, or financial advice. Readers should independently verify all facts, figures, and statements before making any decision based on this content.
AInvest Fintech Inc. its affiliates, and partners accept no liability or responsibility for any direct or consequential losses arising from reliance on this content. All articles and analyses are subject to revision, update, or removal without prior notice to maintain accuracy and integrity in our publications.
Comments
No comments yet