the merger would bring Time Warner's properties under the same umbrella as AT&T's telecommunication holdings, including satellite provider DirecTV.

By the end of July, the company announced that, effective August 1, a new structure was created before the acquisition would close. This structure has John Donovan take the title of CEO of the new AT&T Communications subsidiary division (incorporated that same day after a dividend payout). AT&T named John Stankey to run Time Warner media businesses and John