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Anonymous ID: 0a6d2d July 31, 2025, 11:08 a.m. No.23408205   🗄️.is 🔗kun

One America News Network

 

An investigative report by Reuters in 2021 revealed that AT&T played a key role in creating, funding and sustaining One America News Network (OAN), a far-right TV network known for promoting conspiracy theories.[197] According to 2020 sworn testimony by an OAN accountant, 90% of OAN's revenue came from AT&T. According to OAN founder Robert Herring Sr., AT&T wanted to create a conservative network to compete with Fox News. Court documents showed OAN promised to "cast a positive light" on AT&T during newscasts. AT&T denied the allegations.[198][199] NAACP president Derrick Johnson and comedian John Oliver criticized AT&T for funding OAN.[200][201]

Leaking data to Wall Street

 

In March 2021 the U.S. Securities and Exchange Commission (SEC) filed suit against AT&T and three of its executives for violating the Fair Disclosure Rule against making selective disclosures of "material nonpublic information" to analysts and others. The SEC alleged that beginning in early 2016 these executives leaked key information to Wall Street analysts in order to manipulate revenue forecasts for the company.[202]

 

In December 2022, without acknowledging any guilt, AT&T agreed to pay $6.25 million in fines to settle the lawsuit. The individual executives were also on the hook for $25,000 each.[202][203]