AT&T Warns Coronavirus Financial Impact ‘Could Be Material,’ Nixes $4 Billion Stock-Buyback Plan

By Andrew Wallenstein

BARCELONA — Spain's Top Albums chart, which reflects the top-selling albums and downloads in the country, has been halted due to the coronavirus crisis. Promusicae, the music industry association which has compiled the national charts since 1986

By Tim Dams

By Anthony D'Alessandro

Dads fretting about the coronavirus pandemic face having children with mental health problems, warns a new study.

The advertising industry is expecting the coronavirus pandemic to have a significant impact on both longterm ad spending, a new study from the Interactive Advertising Bureau has found. In a survey of nearly 400 media buyers and brands, 74 percent of respondents said that the novel coronavirus outbreak will have a great impact on advertising than the 2008 financial crisis.

Mark Blum, a veteran stage actor who appeared in such films as Crocodile Dundee and Desperately Seeking Susan and on TV shows including Mozart in the Jungle, has died. He was 69.

Following TF1’s announcement that it won’t offer financial forecasting this year, France’s second biggest commercial network, M6, said it has also been greatly hit by the drop in advertising revenues caused by the coronavirus pandemic.

First Minister Nicola Sturgeon has told the public that coronavirus advice should be treated as a set of rules and "shouldn't be seen as optional".

WarnerMedia owner AT&T is canceling planned stock buybacks to maintain its financial flexibility amid the coronavirus pandemic. The telecommunications giant, led by chairman and CEO Randall Stephenson, earlier this month unveiled an accelerated share repurchase agreement with Morgan Stanley to buy back $4 billion of its stock during the second quarter.

Now that the gravity of a growing coronavirus pandemic has settled in and people are looking to safeguard their health and their livelihoods, the entertainment industry is grappling with three essential questions: How painful will the toll of shutdowns be on the industry’s lowest-paid workers? How high will the financial losses climb? And how will the business handle the unprecedented domino effect on Hollywood’s traditional calendar? The avalanche of hasty cancellations and delays to events and

The U.K. government has set out a series of major interventions to bolster the economy and business in the wake of the coronavirus pandemic, including support for theaters and cinemas — but questions still remain on the fate of the freelance workforce.