AT&T, loaded with debt from its DirecTV deal, sells part of its TV business to a private equity firm.

The spinoff, which will give TPG a minority stake, values the TV business at $16.25 billion — about a third of what AT&T paid just for DirecTV in 2015. New York Times By BY LAUREN HIRSCH AND EDMUND LEE from NYT Business https://ift.tt/2MqDr9X
Media, Telephones and Telecommunications, Television, Television Sets and Media Devices