AT&T Planning Major Reorg Post TW Merger

Chairman and CEO Randall Stephenson will oversee two other “chief executives” who will operate independently — one for telecommunications and one for media. John Stankey, who now leads DirecTV and the entertainment businesses, will head the media division, but without DirecTV. It goes to the telecom side of the company to be headed by John Donovan. The Time Warner acquisition appears to be on track to close by end of the year.