VIDEO : AT&T CEO Says Ready to Invest, Keep Culture At Time Warner

On Friday Reuters reported that AT&T is committed to spend as much as needed on the newly acquired Time Warner, with a plan to invest $21 billion to $22 billion in the combined company. Chief Executive Randall Stephenson said ?We?re not going to be penny-wise and pound-foolish here. We intend to invest.? The No. 2 U.S. wireless carrier closed its $85 billion acquisition of Time Warner on Thursday and now faces the task of integrating a media company into its operations as it seeks to rival Netflix and Amazon.