New AT&T chief: TV is our next multi-billion $ biz

The incoming AT&T chairman and CEO, Randall Stephenson, who previously served as AT&T's COO, recently said "TV will be the next multibillion-dollar business for our company," but as the former board chairman of Cingular, Stephenson aims to make wireless the cornerstone of his company's bundled offering. Chairman and CEO Edward Whitacre announced he would hand the reins over to Stephenson in June after 17 years at running the company. Stephenson is 47 years old and is a 25-year company veteran.

For more on AT&T's new chief:
- see this report from the WSJ (sub. req.)