https://www.cnbc.com/2018/04/19/att-ceo-randall-stephens-testifies-in-time-warner-antitrust-trial.html

AT&T CEO Randall Stephenson took the stand on Thursday in possibly the most anticipated moment in the antitrust case against the telecom giant's proposed merger with Time Warner. Stephenson's testimony addressed the need for targeted advertising and vertical integration to keep up in the tech era.

"If you miss one technology cycle, it may not kill you, but it will make you sick for a very long time," Stephenson said.