Jill Goldsmith, Dade Hayes With earnings season well under way, AT&T Thursday kicks off a spate of financial reports by media and entertainment companies that will give investors the first close-up look at a quarter dominated by COVID-19.The April-to-June period is likely to see a startling amount of red ink, especially for any players with exposure to theatrical movie releasing, live sports and theme parks. (That trifecta has pummeled Disney, which is due to report its numbers on August 4.) Companies focused on local TV and digital advertising have already been warning that their quarterly ad revenue could plunge by more than 50% in the period.
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