AT&T has lost $10 billion in value since it dropped Newsmax in a political move against conservative Americans.
DirecTV, which is owned by AT&T, dropped conservative news channel Newsmax this year.
DirecTV dropped the conservative channel OAN last year.
It has been reported that at the same time AT&T dropped Newsmax, the company was paying the cable license fee for 22 liberal organizations.
It turns out that was a really stupid move by AT&T.
As a result, AT&T has lost $10 billion in value.
Since DirecTV dropped Newsmax on Jan. 24, AT&T’s stock has fallen by almost 7%, wiping nearly $10 billion from its market value.
AT&T, the 70% owner of DirecTV, has come under fierce criticism after deplatforming Newsmax from its satellite TV systems — the second conservative channel it has removed in the past year, with OAN going last April.
Days after the Newsmax drop, former President Donald Trump called on Americans to cancel not only DirecTV but all AT&T services, including cellular and wireless services.DirecTV customers call toll free at 877-763-9762 to cancel/complain
“I think it’s deplorable,” Trump said of the cancellation. “Newsmax did well in the ratings, so they actually took something off that was actually doing well in the ratings, as opposed to other shows that don’t.”
Since the removal of Newsmax, AT&T stock appears to be significantly underperforming the market while major stock indices have held steady during the past 12 trading days.
The S&P 500 actually rose 0.37% between Jan. 25 and Feb. 10, while the Dow Jones Industrial Average declined just 1.84% between those dates.
Newsmax has been alerting its supporters about AT&T’s decision through its network, the fourth highest-rated cable news channel, reaching 25 million Americans, according to Nielsen.
Newsmax also reaches more than 40 million Americans through significant online platforms, apps, its social media network, as well as radio and print outlets.
Many, including President Trump, have asked Americans to cancel their DirecTV service.
Senators Rand Paul and Ted Cruz as well as other leaders have encouraged Americans to switch their service providers.
Newsmax shared the following ways that you can take action to address this political censorship.
Actions to Take Now
1. DirecTV customers call toll free at 877-763-9762 to cancel/complain.
2. AT&T customers call toll free at 888-855-2338 to cancel/complain for U-verse, cellular and wireless services.
3. Call your congressman or senator at 202-224-3121 and demand they stop AT&T/DirecTV’s censorship of NEWSMAX — ask them to give you a date on the hearings!
4. Go to our online petition and get more info: iWantNewsmax.com.